NAB arrests two suspects in investment scam
By Our Staff Reporter
2024-09-05
LAHORE: The National Accountability Bureau (NAB) has arrested two high-profile suspects allegedly involved in a major investment fraud -Prime-Zone Investment Scheme.
On the direction of NAB Lahore Director General Amjad Majeed Aulakh, a combined investigation team (CIT) has been constituted to launch a crackdown against the Prime Zone scam.
During the course of investigation, it was unearthed that the suspects defrauded the general public by enticing them to invest in a Ponzi scheme of investing in LPG business, promising exorbitant monthly basis returns.
On Wednesday, the NAB arrested the suspects -Nadeem Anwar and Faheem Anjum. It said the PrimeZone administration operated to solicit investments from unsuspecting individuals under the guise oflucrative financial benefits worth billions of rupees promising unrealistic returns on a monthly basis.
During the course of investigations, so far 1,800 complainants have been registered with a claim to the tune of Rs1.25bn. The NAB earlier apprehended two accused, Mufti Rizwan and Shahzad Ahmed.
The NAB DG said the cases pertaining to the general public remained the top most priority of the bureau.
HUMAN SMUGGLERS: The Federal Investigation Agency (FIA) on Wednesday arrested three most wanted human smugglers in the city.
According to the FIA anti-human trafficking wing, it arrested most wanted human smugglers Akbar, Muhammad Zahir and Amna Hashmi.
Suspects had received handsome amounts from those aspiring to go abroad for greener pastures.
A case has been registered against them.