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PRESS RELEASES

 
Date: 18-Apr-2017  
Title: NAB (R) ARRESTS A PUBLIC CHEATER Abbas Haider Naqvi, Chief Executive M/s Big Board Advisory Service (Pvt.) Ltd.

Islamabad: April,18,2017: The National Accountability Bureau (Rawalpindi) has arrested the accused Abbas Haider Naqvi, (Absconder) Chief Executive M/s Big Board Advisory Service (Pvt.) Ltd from Karachi.

As per detail, Abbas Haider Naqvi, Chief Executive M/s Big Board Advisory Service (Pvt.) Ltd in connivance with other accused persons had committed offences of corruption and corrupt practices by way of cheat public at large and criminal breach of trust. The said company with its head Office at Karachi opened branch offices in different town of Northern Areas (Gilgit-Baltistan).

During investigation its revealed that the Directors of the said company malafidely collected money from general public by promising a rate of return ranging between 18% to 36% per annum and 100% to 150% for an investment of 5 years. The accused persons defaulted thus causing loss to public at large. During investigation proceedings, NAB received 1019X complaints involving total liability of Rs. 184.33 Million from all the District of Northern Areas.

During investigation four Directors namely Syed Sarosh Haider Rizvi , Muhammad Arif Khan , Muhammad Sadiq Khan and Ahmed Rehman were arrested from Karachi and after they were convicted.

The accused Abbas Haider Naqvi will be produced before the Accountability Court Karachi for getting transitory remand for shifting of accused from Karachi to NAB Rawalpindi sub office Gilgit.


 

 


 

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