LAHORE: National Accountability Bureau (NAB) Lahore while taking action on an intelligence report and arrested absconder Rashid Ashraf from Lahore.
According to NAB spokesman, the accused was declared as proclaimed offender by the court in 2015, in Rs 15 million cheating public at large case.
Looking into further details, accused Rashid Ashraf was operating different Forex Trading offices to lure general public for investment in an alleged Forex Company with promise of delivering profits on exorbitant rates. Whereas, accused neither paid profit nor returned the invested amounts after fleeing and closing his offices.
Different agents of M/S High Aim Business Solutions (Pvt) Ltd used to introduce the complainants with the company Director (accused Rashid Ashraf) who induced the complainants to pay minimum amount of Rs 3 million to open a trading account in his company, and finally vanished after collecting Rs 15 million.
Numerous affectees approached NAB Lahore regarding the scam in late 2013 while NAB Lahore launched an Inquiry against the accused which upgraded into investigation in 2014.
Later, in 2015, the NAB filed a corruption Reference in an Accountability Court which declared the said accused as Proclaimed Offender.
Today, NAB Lahore arrested the accused and for acquiring of his Physical Remand, presented him before Accountability Court.
