RAWALPINDI: The National Accountability Bureau (NAB) on Friday started distributing payments to 17,500 victims of the B4U fraud case, one of Pakistan’s largest financial scams.
At a special ceremony chaired by NAB Chairman Lt Gen (retd) Nazir Ahmed, officials said Rs3.7 billion had been returned to affectees in the initial phase, with 10,000 victims already receiving full compensation.
Declaring B4U an online Ponzi scheme orchestrated by Saifur Rehman and associates, NAB said the group had defrauded people of billions of rupees. The bureau began investigations in February 2021, freezing 56 bank accounts and properties linked to the suspects. Overall recoveries in the case stand at Rs7.3bn.
Read More: LHC settles pre-Partition property dispute
“Our target is to return 100 per cent of the looted money to the people,” the chairman said, announcing that future disbursements would be transferred directly into victims’ bank accounts to avoid long visits to NAB offices.
He also announced Umrah packages for the NAB Rawalpindi team in recognition of their efforts. Victims present at the ceremony expressed satisfaction and gratitude over the bureau’s recovery process.
