روزنامہ امت نے مضاربہ سکینڈل میں مفتی نعیم دیوبندی کے مالیاتی فراڈ کا بھانڈا پھوڑ دیا
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Modarba scandal: Over 30 per cent of complaints registered in Rawalpindi
The NAB Rawalpindi office alone has received 34,069 people’s complaints against an amount of Rs22 billion.
The alleged Ponzi scheme surfaced in April 2013 after an Islamic-financing body was set up without any of the required legal approvals or registration with the Securities and Exchange Commission of Pakistan (SECP). Money would be collected from people on a profit and loss basis.
Since then, NAB has made a slow but steady progress, with bureau officials citing the lack of formal documentation as the biggest challenge in establishing the amount and extent of the scheme.
Documents available with The Express Tribune reveal that there are 27 inquiries and references under verification, while 53 other complaints have yet to be investigated.
Complainants have emerged from Punjab, Khyber-Pukhtunkhwa (K-P) and Sindh, with NAB confirming claims of Rs15 billion from K-P and Rs 20 billion from Sindh.
According to NAB, dozens of front companies were found to be involved in defrauding innocent people in different cities. Most of these companies were run by religious leaders who used the platform of their mosques to convince people to invest in these schemes instead of government-approved ones.
Another source in NAB stated that Rs 2billion has been recovered so far despite challenges in establishing who submitted how much money and who received the money.
NAB has arrested 12 accused in this scam and 10 of them are now behind bars in Adiala Jail, Rawalpindi while a few others are still under investigation.
Those arrested include Mufti Ehsanul Haq, Mufti Shabbir Ahmad, Hafiz Muhammad Nawaz and others.
The sources said many of the culprits have fled abroad and international assistance including Interpol help has been sought to arrests accused persons from Malaysia and other countries.
Sources shared that one of the accused was reported to have made 40 foreign trips while keeping luxurious cars and holding lavish parties, all of which were also made available to the “big fish”.
An official feared that the number could increase further as many of the affected people are reluctant to report their claims.
NAB Rawalpindi Bureau official Muhammad Bilal Khan claimed that in the course of the investigation, Rs 50 million in cash has been recovered, in addition to more than a dozen luxury vehicles that have been seized. Similarly, in recent months 6,000 kanals were recovered from the accused in Attock and Chishtian, he said.
NAB Spokesperson Ramzan Sajid added that they are actively pursuing the case and fortnightly reports are sought from all regions, with action taken after the reports are received.
Unlicensed modarba schemes are still operating in several parts of the country, NAB sources said, explaining that it was because most people are still unaware of the risks or the illegality despite advertisement and public service messages on print and electronic media.
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mufti naeem hai hi begharat insan ya maktab-e-duoband ko badnam kar raha hai is ka bycot kiya jai
Mufti Naeem, Mufti Taqi Umsani, Rafi Usmani are a part of this scam along with Aurangzeb Farooqi and Ludhyanvi of ASWJ. There are also internal disputes within this mafia.
‘Interest free investment’ scam by muftis steals billions
NationalJULY 19, 2013 BY MONITORING DESK
NAB
The newly exposed Modaraba scam, using religious scholars to con people, is feared to have robbed thousands of people of billions, a local English daily reported.
Over 850 citizens have filed claims amounting to more than Rs 500 million at the National Accountability Bureau against a sham company run by a group of Muftis (religious scholars) under the name of Modaraba and Musharaka.
Sources in NAB revealed concerns that it is a large scale operation involving billions amid indications that the money has also been transferred outside Pakistan. There are reports of different groups of Muftis working for different companies. However, due to the absence of the NAB chairman, the bureau has so far managed to query only one group.
The sources said many victims, who had invested huge sums into the fake scheme for a promised monthly profit of six to eight percent, remained reluctant to file claims before NAB fearing investigation about the source of their millions.
Offering interest-free Islamic investment to lure people, the scheme allegedly exploited a large number of people to invest their savings in the scheme. Reposing their trust in the Muftis and their claims, women are reported to have sold their jewelry while men disposed off their properties and ailing businesses to enjoy the promised gains of Islamic investment.
The NAB sources said that the bureau initially received a complaint against Mufti Ehsanul Haq and his group. It was reported that this group of Muftis was involving in obtaining funds from people on a profit and loss basis. The group received funds from the public in the name of Modaraba without having any authority,approval or registration as a Modaraba company from the SECP.
This complaint led to an investigation in the scam by NAB, which also used public advertisements warning people of the fraudulent company and asking victims of this scam to submit their claims with NAB.
Investigations revealed that the group had deceived the public and concealed the non-registration of their company from SECP while continuing to take money from people and issue receipts in the name of M/s Fayazi Gujranwala Industries Pvt. Ltd., which is registered as a private limited company having no mandate to act as a Modaraba company. Sources said some other companies were also operating in a similar manner to con the public.
Following the NAB advertisement, 856 people approached NAB with their claims till the middle of June. Claims are being verified from the available record produced by the accused – Mufti Ehsanul Haq – who was arrested by NAB authorities.
The NAB sources further said that the accused, admitting his guilt, came forward and applied for Voluntary Return (VR) under section 25 (a) of NAO 1999. On June 18, NAB approved VR of accused for an amount of Rs 552 million of which the accused has submitted Rs 446 million in the form of 20 pay orders.
He will deposit the remaining amount in one month while NAB has kept the original documents of six of his immoveable properties as guarantee. Mufti Muhammad Ehsan Ul Haq, after approval of VR, has been released.
Besides Mufti Ehsan’s group, two more companies of Muftis are reported to be involved in similar illegal Modaraba business in different parts of the country. One of the victims revealed that he had invested around Rs 20 million in the company of one Mufti Usama after having seen the Muftis coming up with a riba-free business.
He said he was told the investment is made in huge property businesses in foreign countries besides other schemes within Pakistan. He was told that investments are also being made in the airlines business.
The victim said that names of reputed scholars and revered religious groups were also used but later no such connection was found to be true.
NAB has also received a number of complaints against Elixir Group and Albaraka Marketing. “We will probe them once the new chairman NAB arrives,” a source said.
http://www.pakistantoday.com.pk/2013/07/19/national/interest-free-investment-scam-by-muftis-steals-billions/
Enraged Victims of Islamic Investment Scam Backed By Jamia Bonoria Al Alamia , Karachi , set to Protest on Sunday
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Jamia Binoria Al Alamia , SITE, KarachiJNN 14th Sept 2013 Karachi : Victim of Islamic Muzarbaat Scam have scheduled a Protest outside Jamia Binoria Al Alamia , SITE on Sunday.
Different Groups of the Victims of the Islamic Muzaarbaat Scam , which was Unearthed Earlier , have started to form Different Groups to fight against the Scam and to have their Investments Back from the Fraudsters , They have even made representative committees of different Groups to facilitate the recovery of their Fraudulently acquired Hard earned Investments , which they have invested in this Company due to the luring rate of returns promised by the Mullahs of Different Mosques , working under an Umbrella Organisation , backed by Jamia Binoria .
The Victims Representative Committees have announced to Stage a Protest outside the Jamia Binoria Al Alamia , SITE, while the administration of the Jamia Binoria have started to think of firing the Teacher of Jamia Binoria , who were associated with these Networks and were working as the Prime Agents , and were collecting Money on their Behalf.
While The Main Man Behind this Scam , Shafeeq ur Rehman’s whose factories located in the SITE Area , and his other Properties , which includes His Houses have been Under the Victims Gaurd , as they have even camped outside these Properties , for the recovery of their Lost Investments , who are now being enraged , with the passage of time , as no hope of recovery is being in sight. Due to His backing By the Powerful Mullah Groups, who even issued Decrees (fatwa) in his favour , for the Collection of Investments as Islamic, legitimate and Authenticated.
The representative Committee of the Victims of this Scam , which is looking in the Matter and are Highlighting it on different official and Social levels is of the firm Belief , that Jamia Binoria is the Main Culprit Behind this whole Scam , and its their support and authentication , due to which they have lost their Hard earned Investment in this Banking Scam , in the Name of Islamic Banking , as Jamia Binoria , Al Alamia was the Institution which issued decrees and Authenticated sound footing of Shafiq Enterprise , the Company on Behalf which all the Investment was received .
It should also be noted that the Chief of the Islamic Decree Issuing Committee ( Darul Ifta ) of Jamia Binoria , Mufti Abdullah Shaukat was the One with whose Stamp and Signature the Decree in favour of Shafiq Enterprise was issued for its authentication , under the Islamic Jurisprudence. While he was also sent on a leisure trip to Dubai and other countries before the issuance of the Islamic Decree, while his assistants , Deputy Chief of the Islamic Decree Issuing Committee Mufti Saifullah Jamil , and Mufti Nadir Jan , was also responsible for collecting the Money from their Islamic Decree Issuing Office of the Jamia Binoria Al Alamia , aside from these two Muftis , 8 other Agents were responsible for Collection of the Money for the Shafiq Enterprise , among which 2 sons of Mufti Naeem , the Chief of the Jamia Binoria , Al Alamia , and the One of his Brother was also among the Collection Agents , who were collecting the Fraud Investment within the Jamia Binoria , or on the Behalf of Jamia Binoria , which has now been totally lost .
The Victims of the Scam are enraged and are of firm Belief that as the Main Institution behind this fraud is Jamia Binoria , and the Only way to extract their Hard earned Investments , is to Pressurize the Institution in any way , to liquidate their Investments, and get excess to the accounts of the Company.
The Victims have said that it is the Jamia Binoria and its Decrees issued in the favour of Shafiq ur Rehman and his Fraudulent Company Shafiq Investments , and all the dealing of Cash and Investment done through the Offices of Jamia Binoria’s Darul Ifta and Darul Shuookh , which boosted the confidence of the Investors and thus Jamia Binoria is whole solely responsible for their fraudulently usurped Investments.
http://jafrianews.com/2013/09/14/enraged-victims-of-islamic-investment-scam-backed-by-jamia-bonoria-al-alamia-karachi-set-to-protest-on-sunday/
HISTORY OF NAMNEHAD MUFTI NAEEM