LAHORE, June 18: The National Accountability Bureau (NAB) arrested on Monday seven officials of two forex companies for defrauding over 500 people and causing a Rs210 million loss to them.

NAB officials arrested Amir Shafiq, Amir Abbas, Muhammad Azam Chishti, Dr Mazhar Hussain Naseem and Muhammad Zeeshan Ali, all directors of Aeigs Forex.

Abbas also works with the Punjab Irrigation Department as assistant director.

The accused deprived 125 people of their Rs50 million offering them profit on their deposits.

NAB also arrested Major (retired) Nisar Ahmad and Imran Atta, both directors of Money Marshal, a forex company. The accused deprived 400 people of their Rs160 million. The accused will be produced before an accountability court judge in Lahore on Tuesday (today) for physical remand. —Staff Reporter