PESHAWAR: The National Accountability Bureau (NAB) in Khyber Pakhtunkhwa has arrested the owner of a company for allegedly looting Rs60.08 million in a Mudaraba case.
Adil Khan, owner of Rajgan Exchange Company (B) Private Limited, looted millions of rupees from people in the garb of a fake business of selling and purchasing foreign currency notes and coins.
According to the official statement, the company’s head office is situated at Raja Bazaar, Rawalpindi. It said that initially the subject paid Rs2000 to Rs3500 per month per Rs100,000 as profit to its investors regularly but by the end of year, they stopped paying profit and refused to pay back the principal amount.
