ISLAMABAD: The National Accountability Bureau (NAB), which is investigating the multi-billion Modaraba and Musharaka (Islamic mode of investment) scams, has so far recovered Rs569 million.

The NAB director general said in a meeting chaired by the bureau`s Chairman Qamar Zaman Chaudhry that the amount had been recovered from the accused.

At least 71affected people in Mufti Ehsan U1 Haq case and 33 in Mufti Muhammad Saqib case are in the approval stage for the payment.

He said that there were a total of 29 cases of Modaraba scam and the one against Akbar Khan, Assistant Director of Elixir Group, was at the inquiry stage while the remaining 28 cases had been filed in respective accountability courts.

Accused arrested in Modaraba and Musharaka scams are Ghulam Rasool Ayubi, Hussain Ahmed, M. Khalid, Muhammad Nauman Qureshi, Adil Butt, M.

Ejaz, Muhammad Irfan, Hamid Nawaz, Mufti Shabbir Usmani, Sajjad Ahmed, Salah ud Din, Khan Muhammad, Muhammad Ihsan, Hanif Khan, Mufti M.

Ehsan ul Haq, Muhammad Ibrar ul Haq, Obaid Ullah, Hafiz Muhammad Nawaz, Wajid Ali, Hafiz Mukhtiar Khan, Muhammad Osama Abbasi, Umair Ahmed, Muhammad Bilal Afridi, Ibrahim Al Shoraim, M. Ageel Abbasi, M. Osama Qureshi, Saifullah, Nazir Ahmed, Muhammad Idrees, Abdul Malik, Irshad Ullah Jan, Fazal Subhan, Asif Javed (Alias Molvi Ibrahim), Rashid Minhas, Mufti Muhammad Saqib, Muhammad Wali, Shams ur Rehman, Muhammad Yasir,Hussain Ahmed Deshani, Mati ur Rehman, Mufti Saqib, Ejaz Anwar and Bilal Khan Bangash.

NAB is trying cases against Mufti M.

Ehsan U1 Haq of Fayazi Group Gujranwala, Matiur Rehman, Muhammad Bilal & others, Rashid Minhas & others, Imran Abbasi & others, Irfan Haider Awan & others, Mufti Saqib & others, Obaidullah Mubarik, Shams ur Rehman & others, Muhammd Yasir & others, Bilal Khan Bangash and others, Amir ur Rehman & others, Abdul Malik, Mufti M. Riaz Khan & others, Muhammad Nazir & others, Ghulam Rasool Ayubi & others (Mezban Trading Company), Muhammad Abdullah of N.E Associates, Muhammad Irfan & others (M/s Bolan City), Molana Abdullah (Islamic Traders), Mufti Shabbir Usmani (Al-Wasey Group, Taxila), Malik Haroon Tabraiz & Malik Mansoor (Al Shamim Enterprises), Khurshid Ahmed CEO Marwa Group of Companies Kamra Cantt & Marwa Associates, Salah ud din (MSD Trading), Abdullah Khan & others, Muhammad Ihsan and Hanif Khan (Al-Makkah Traders).

NAB during the last 16 years had received about 309,000 complaints from individuals and private/public organisations, the chairman said, adding that the bureau had completed around 6,300 inquiries during this period out of which 56 per cent had matured into formal investigation and more than 80pc cases were in the stage of prosecution in courts.

NAB`s prime focus, he said, was on cases of cheating public at large by fraudulent financial companies, bank frauds, wilful bank loan defaults, misuse of authority and embezzlement of state funds by government servants etc. Since NAB`s inception, one of its major achievements has been the recovery of around Rs276bn ill-gotten money.