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NAB arrests man for fleecing people on pretext of ‘stock investment’

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News Stories Posted by ARY News Digital Team

LAHORE: The National Accountability Bureau (NAB) on Monday arrested a man allegedly involved in corruption through stock trading and fleecing people, ARY News reported.

The suspect, identified as Kamran Faisal, had opened an illegal branch of a firm in Jauharabad area of Lahore to swindle people.

The NAB spokesperson said the suspect had received Rs 40 million from people on pretext of investing the amount in stock market.. He was arrested on identification of another arrested man Raj Kumar.

The arrested suspect used to trick people into investing their money in stock market for ‘huge profits’.

Read: NAB arrests absconding accused in Rs143mn graft case

The NAB said the man would be presented be before the accountability court and the accountability watchdog would seek his physical remand from the court.

The accountability watchdog has been in the action for some months, collaring people involved in corruption, and other wrongdoings.

Recently, the National Accountability Bureau had arrested an absconding accused in a Rs143 million graft case from Islamabad.

Inamuddin was arrested in a corruption reference (2017/22) with regard to alleged embezzlement of more than Rs140 million in the National Fertilizers Corporation Limited.

The suspect has been accused of awarding contracts to two firms in violation of the relevant laws and embezzling hundreds of bags of urea.

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