Peshawar: NAB Khyber Pakhtunkhwa today arrested Badshah Rehman and Naimat Khan who in the garb of Islamic mode of financing i.e. Mudaraba with the name of Al-Barakah Investment Company allegedly cheated public at large and looted approximately Rs.24.00 Million from innocent people fraudulently.
During the course of inquiry it was revealed that the accused persons invited general public in a fake investment company in the name of Al-Barakah Investment Company under the grab of Mudarabah and carried out import / export of different items i.e. Milk Pack, Fabrics, Fridges, Sewing Machines, Generators, Vehicles Turbines and Engines.
They lured general public to handover their hard earned money to them on the promise that they would be paid an huge profit on their investment. The accused after few months not only stopped paying profits but also refused to pay back original invested money of innocent people and disappeared from the scene.
It is worth mentioning here that NAB Khyber Pakhtunkhwa received claims upto Rs.24.00 Million against accused so far.
The accused will be produced before Accountability Court Peshawar for obtaining his physical remand.
Any person who has any claims against Al-Barakah Investment Company is requested to submit their claims with relevant documents to NAB Khyber Pakhtunkhwa, PDA Complex, Block – III, Phase – V, Hayatabad Peshawar without any delay.
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