PESHAWAR: The National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Thursday arrested Qaseem Khan and Fazal Subhan of M/S Rifha and Zohaib Associates for alleged involvement in cheating public at large under the garb of illegal housing schemes and commercial plaza.
Through an official communique, the NAB claimed that the accused person Qaseem Khan, Fazal Subhan and others in connivance with Chinar Gul alias Hamza, owner of M/S Rifha and Zohaib Associates, lured the general public into investing Rs 287.044 million in the businesses of Sheikh Yaseen Town Mardan, Sheikh Yaseen Executive Block Mardan, Prime Villas Mardan, and Bajaur Tower, Ganj Mandi Rawalpindi on profit and loss sharing basis. It said that for a few months, the accused person paid profits to gain the confidence of the general public but later the payment of profits was stopped and the principal amount was denied as well.
The bureau obtained 12 days physical remand of the two accused persons from an accountability court. It is pertinent to mention that the bureau had already arrested two accused including Chinar Gul and Malik Muhammad Arif in the instant case, who are in the judicial custody and their bail petitions were dismissed by the Peshawar High Court on Wednesday.
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