LAHORE: The National Accountability Bureau (NAB) in Lahore has arrested two individuals, Nadeem Anwar and Faheem Anjum, accused of orchestrating a large-scale investment fraud known as the Prime-Zone Investment Scheme.
The arrests followed an investigation prompted by multiple complaints during an open court session at NAB Lahore. A Combined Investigation Team (CIT) was formed to investigate the case, which revealed that the accused were involved in defrauding the public by luring them into a Ponzi scheme. They promised investors substantial returns from an LPG business, which turned out to be fraudulent.
NAB’s investigation found substantial evidence of corruption, leading to the arrest of Anwar and Anjum. They are accused of operating the Prime-Zone scheme, which falsely promised lucrative returns to unsuspecting investors. The scheme reportedly involved billions of rupees and attracted a large number of investors who were promised unrealistic monthly returns.
As of now, over 1,800 complainants have filed claims totaling approximately Rs1.25 billion. Earlier, two other suspects, Mufti Rizwan and Shahzad Ahmed, were also arrested in connection with the scam. NAB is committed to bringing all perpetrators to justice and recovering the defrauded funds.
Both Anwar and Anjum are scheduled to be presented before the Accountability Court in Lahore tomorrow for their physical remand. NAB Lahore’s Director-General, Amjad Majeed Aulakh, emphasized that addressing public-related fraud cases is a top priority for NAB. In line with this, Chairman NAB has also prioritized housing sector cases to offer maximum assistance to the public, with regular open courts held for public grievances.
