The National Accountability Bureau (NAB) Rawalpindi has launched a significant phase in the B4U scam compensation process, distributing cheques among 17,500 victims in Islamabad. A formal ceremony was held at the NAB Headquarters where NAB Chairman Lt. Gen (Retd.) Nazir Ahmed, senior officials, and affected citizens were present.
The B4U scam, the largest Ponzi scheme in Pakistan’s history, defrauded thousands of people by collecting billions of rupees under the guise of offering a 7% monthly return on investments. After extensive investigations, NAB traced and froze 56 bank accounts, properties, and other assets linked to the prime accused. Following legal proceedings, NAB managed to recover Rs 7.3 billion.
In the first phase of repayments, Rs 3.7 billion is being distributed. Of the 17,500 victims, 10,000 have received full compensation, while 7,500 victims are being reimbursed with 40% of their dues. The remaining 60% will be disbursed within six months after the auction of confiscated properties.
Chairman NAB Nazir Ahmed emphasized that the bureau’s priority is to restore public trust through timely compensation and transparent processes. He further announced that upcoming payments will be transferred directly to the victims’ bank accounts, eliminating the need for them to visit NAB offices.
This initiative marks a major step in the bureau’s commitment to bringing relief to citizens and recovering stolen wealth. It reflects NAB’s resolve to pursue high-profile financial scams through diligent investigations and legal action.
Meanwhile, NAB’s half-yearly performance report highlighted record recoveries. From April to June alone, the bureau recovered Rs 456.3 billion. The combined recoveries of the first two quarters reached Rs 547.31 billion, underscoring NAB’s aggressive anti-corruption drive.
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