‘Double Shah Scam’- NAB compensates over 1700 victims with Rs. 193m

Shahzad Saleem Director General of NAB Lahore issues the cheques in an event at its provisional headquarters

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  • NAB Lahore received nearly 14,500 applications from the victims for the retrieval of their looted money.
  • NAB has returned full amounts to 6,000 affectees, another 6,000 received half of their principal investment.

Double Shah Scam

 On Wednesday, the national accountability bureau (NAB) has given money to over 1,700 victims of Double Shah Scam by compensating them with the amount worth Rs193 million.

Shahzad Saleem Director General of NAB Lahore issues the cheques in an event at its provisional headquarters Thokar Niaz Baig. In the ceremony, cheques worth Rs193.59 were issued amongst 1,763 victims.

NAB Lahore received nearly 14,500 applications from the victims for the retrieval of their looted money. The innocent people were fooled by making them believe that they would make a huge amount of money after investments are made by Sibtul Hassan Gillani alias ‘Double Shah’.

The suspect, with the help of his accomplices, managed to gather a lot of money from the general public by offering them profitable financial incentives.

Indirect Recovery

During the investigation, NAB Lahore confiscated the properties of the suspect in the form of an indirect recovery. It also got connected 32 residential and commercial properties found under the name of the suspect

“NAB has returned full amounts to 6,000 affectees, another 6,000 received half of their principal investment while the rest of the affectees are being compensated,” it said.

Distribution of more money

According to the source, NAB will further issue another amount worth Rs360 million to the victims of the Double Shah Scam in the near future.

NAB Lahore urges people not to invest their hard-earned money in any unregistered and illegal scheme. In the end, Double Shah Scam affectees appreciate the efforts of NAB’s DG and chairman Justice Javed Iqbal.


Also See:

Assets Beyond Means Case: NAB Approves References Against Sharjeel Memon, Others

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  • Please to solve the biggest scam siyal bike MNM Company i humble request for you Chair Men NAB Focus on this Case

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