PESHAWAR: The National Accountability Bureau has arrested owner of a private foreign exchange company for allegedly depriving people of billions of rupees in Mudarba/Musharka business.

According to a handout issued here on Sunday, the NAB arrested Afzal Khaliq alias ‘Double Shah’ of AK Forex Private Limited, Wah Cantt, who in the garb of Islamic mode of financing allegedly cheated public at large and looted billions of rupees from innocent people through his agents.

The handout said that the affected people belonged to remote areas of Khyber Pakhtunkhwa and central Punjab.

The NAB said that the name of the accused had been placed on the Exit Control List, adding he was arrested from Lahore airport.

The handout said that the accused would be produced before Accountability Court Peshawar for obtaining his physical remand.

Published in Dawn, July 14th, 2014