KHAR, October 10: Several tribesmen have demanded the government arrest those who reportedly deprived many of their money in the name of modaraba business.

Modaraba is a form of financial contract, in which the investor entrusts money to a financial manager and later both of them share any profits and losses in an agreed manner.

Addressing a press conference at the Bajaur Press Club yesterday, the president of the the Modaraba scandal affectees’ union Mr Haji Khan Badshah said several people involved in the scandal were wandering in the area but that the authorities were not arresting them.

In the recent past, sever people looted people in the entire country in the name of Modaraba business and made billions of rupees.


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