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TMCNet:  Reply sought from NAB on bail petition in Modarba scandal

[August 24, 2014]

Reply sought from NAB on bail petition in Modarba scandal

(Daily Pakistan Today Via Acquire Media NewsEdge) The Sindh High Court (SHC) has sought comments from the National Accountability Bureau (NAB) on bail application of accused who has been arrested for his involvement in infamous Modarba scandal.


Applicant Faizan Ahmed Siddiqui approached the court through his counsel citing the secretary interior ministry and the NAB director general as respondents.

The counsel for the applicant said his client, who was doing a business of sale and purchase of old cars in North Nazimabad, was unlawfully arrested in a scam by NAB on July 22, 2014, as he had no connection with the alleged scam.

He said Faizan wanted to get USA visa for which he needed some deposits. He borrowed amount of Rs 45 million from Shafiqur Rehman, who had acquaintance with his brother-in-law, for the said purpose.

He said Shafiq was later arrested by security agencies on suspension of funding proscribed Al-Qaida. He was detained for few months, then exonerated from the charge but he was implicated in other criminal cases wherein he was released on bail by the concerned trial courts. He was also nominated in a case pertaining to Modarba scandal by the NAB.

He said Faizan was also arrested in the same notwithstanding was no allegation against him. The counsel said his client had no nexus with alleged scam hence he requested the court to release him on bail.

According to NAB, Shafiq, Fiazan and two other co-accused induced public to deposit their savings with them for the purpose of investment in Modarba business (an Islamic system of investment). So far Rs 45million were collected from the public, and this amount was transferred from Shafiqs account to Faizan.

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