The National Accountability Bureau (NAB) Lahore provided updates on key fraud cases and took measures to expedite investigations during a public hearing on Saturday.
Director General (DG) NAB Lahore, Ihtiram Dar, held his first open session since assuming office, addressing 350 victims of Ponzi schemes and illegal housing societies.
The complainants included investors affected by financial scandals such as the Prime Zone Scandal, Unique Solar Panels Scandal, and ForU Real Traders, along with victims of housing societies like Omega Housing Society, Al-Rehman Garden Phase-IV, Grand Avenue Housing, Pak-Arab Housing, and Formanites Housing Society. The DG issued immediate directives to investigating teams and emphasized that NAB had been instructed to prioritize mega fraud cases to ensure swift relief.
Victims of an investment scam revealed that fraudsters misused names of medical stores on social media to lure investors with false promises of high returns. In response, the DG ordered immediate newspaper advertisements against the company’s management and stated that NAB Lahore had requested special relaxations in NAB regulations to facilitate victims.
Providing an update on the Prime Zone Scandal, the DG announced that the investigation had concluded, and NAB Lahore had sought formal approval to file a reference in an accountability court next week. He also revealed that NAB had coordinated with the Federal Investigation Agency (FIA) to issue red warrants for the prime suspect, Imran, whose arrest through Interpol would mark significant progress in the case.
For the victims of the ForU Real Traders case, the DG reported that over 1,000 statements had been recorded since October 2024. He assured complainants that all suspects had been placed on the Exit Control List (ECL) to prevent them from fleeing, while investigations were progressing rapidly.
To enhance communication and transparency, NAB Lahore also launched WhatsApp groups to keep victims informed about their cases. The DG reaffirmed NAB’s open-door policy, stating that the initiative aimed to improve engagement and provide real-time updates to complainants.
