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ISLAMABAD, Feb 04 (APP):The National Accountability Bureau (NAB) Islamabad and Rawalpindi has recovered Rs1 billion in the ISMMart Group scam and, in the first phase of relief, distributed Rs600 million among 3,400 victims on Wednesday.
According to NAB spokesman, the affectees had reported collective losses of Rs3.5 billion. The prime accused has remained in NAB custody since July 2024, with the investigation proceeding on a fast track in line with legal requirements. The prime accused in the ISMMart Group case allegedly swindled the public out of billions of rupees by luring them with unrealistically high returns through fictitious ventures in e-commerce, restaurants, and real estate.
Cheques were handed over at a ceremony held at NAB Headquarters, presided over by Chairman Lt Gen (Retd) Nazir Ahmed. Senior officials including Deputy Chairman Sohail Nasir, Prosecutor General Ihtesham Qadir Shah, DG NAB Waqar Ahmed Chohan, and a large number of victims attended.
The Bureau termed the disbursement a major step in providing relief to victims of financial fraud. The investigation team had traced funds transferred abroad through hundi, hawala, and cryptocurrency channels, with efforts underway in coordination with UAE authorities to ensure full repatriation of defrauded money.
NAB described the payout as its second major achievement of 2026, following relief extended to Banker City victims in January.
DG NAB Islamabad and Rawalpindi called the distribution the “second gift” of the year, reflecting the Bureau’s resolve to protect public interest.
Speaking on the occasion, the NAB Chairman praised the performance of the investigation teams, noting that public trust remained the Bureau’s greatest strength. He announced a nationwide awareness campaign to prevent fraudulent schemes and said future payments would be made through online transfers to facilitate victims.
In recognition of the teams’ efforts, shields were distributed among officials, while Umrah packages were also announced. NAB reaffirmed its commitment to fight corruption and return the lifetime savings of victims, terming the ISMMart case one of Pakistan’s largest financial frauds.