NAB files reference in Rs 700m Layyah mega fraud scam, main accused arrested

MULTAN, (APP - UrduPoint / Pakistan Point News - 1st Jul, 2026) The National Accountability Bureau (NAB) Multan filed a reference in the Accountability Court against an accused allegedly involved in Rs 700 million Layyah mega fraud scandal after completing investigation and fulfilling all legal requirements.

The NAB Multan spokesperson said on Wednesday that the investigation was initiated after the bureau received over 200 complaints citing allegations that they had been defrauded through fraudulent investment schemes.

The accused had allegedly collected and misappropriated approximately Rs700 million by luring investors with promises of unusually high returns through fake companies, investment schemes, and online trading platforms.

One of the companies allegedly used in the scam was "Summit 4X Trade", the spokesman added.

In a significant development during the investigation, NAB Multan successfully arrested the principal absconding suspect, Abdul Hayee, in a raid conducted in Karachi.

NAB reiterated its commitment to protecting the interests of the public and stated that it would utilize all available resources to ensure that no accused escapes the law. It said, all those responsible would be brought before the court to ensure justice and facilitate the recovery of the looted money for the victims.

The case has now entered the trial stage following the filing of the reference before the Accountability Court in Multan.