Did you guys heard about the scandal named Muzarba? How many of you know what Muzarba is?
Let us discuss today what muzarba is and how it effected Pakistani's.
Muzarba stands for " Power of attorney" its a business in which you give money to someone and gives him the power to invest your money and you get profit in return.
Muzarba scandle started in 2011 from karachi.Mufti ahsan the main culprit was behind all this.He promised people that if they invest some money in their business they will get them 5-10% profit of the total amount they invested.
Every investor will be their partner in business. Slowly the news broke like a storm and people started to invest in this scam and within one year the scam reached 300billion of investment.
Mufti Ahsan bought property in porch areas of Islamabad,A plastic pipe factory in gujrat,medicine factories,two companies in philipine,poltery forms etc.. and Meezban store,which has around 44 stores in the country now.
According to NAB when Mufti Ahsan was interogated it was revealed that total amount was never deposited in banks.It was always kept in bags.
When selected company managers collected an amount equal to 50 million. 20 Million was given to investors.5 million to share holders .5 million as manager profit and remaining 25 million was sent to head quarters.
5 of the culprits are in custody of NAB. Remaining flew out of country.
I am no body here to prove was it a scam or not.What do you guys say?

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