ISLAMABAD: The National Accountability Bureau (NAB) arrested three persons on Monday who allegedly collected Rs 72 million – in Gwadar – using fraudulent methods.
The accused – Azhar Mehmood Awan, Imtiaz Ahmad and Rizwan Akbar Mughal – collected the amount for ‘fake’ shops in a shopping mall project which was never materialised and No Objection Certificate (NOC) from the Gwadar Development Authority (GDA) was also cancelled.
As per the details, the accused and their company never owned the proposed land of the project and the amount received was to be ‘invested’ in property development. Some complainants who deposited the funds for investment purposes received profit for some time. However, soon they stopped paying the profits and then failed to return the principal amount.
The other complainants who invested with a hope of owning a commercial property were also left empty handed. NAB Rawalpindi received several complaints against the accused with all claiming the same – the accused collected their money on pretext to invest in their ‘so-called’ property business with a guaranteed handsome return while some were also given fake allotment letters.
The accused persons were produced before an Accountability Court which granted 14 days physical remand into NAB Rawalpindi custody.
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