ISLAMABAD: The Islamabad High Court (IHC) has granted bail to an accused allegedly involved in a multi-billion Modarba scam. A divisional bench comprising Justice Athar Minallah and Justice Aamir Farooq, heard the suit filed by Fazal Subhan, seeking his bail in the mega scam. During the proceeding, the counsel for the petitioner, Rao Sarfraz, contended that his client was uneducated and he was just an ordinary employee in the company of Mufti Ahsan. He argued that Fazal Subhan was misused by the company’s owner and did nothing deliberately in the case. If his client had taken any financial benefit he must have a luxurious lifestyle, he further said. However, the official of the National Accountability Bureau (NAB) informed the bench that it was confirmed during the investigation that the accused was an employee of the company. After hearing the arguments from both sides at large, the court granted bail to Fazal Subhan. It may be mentioned here that the National Accountability Bureau (NAB), Rawalpindi, has arrested 43 persons in the Modarba/Musharka cases and recovered Rs 568.82 million from the accused. The apprehended persons included Ghulam Rasool Ayubi, Hussain Ahmed, M. Khalid, Muhammad Nauman Qureshi, Adil Butt, M. Ejaz, Muhammad Irfan, Hamid Nawaz, Mufti Shabbir Usmani, Sajjad Ahmed, Salahuddin, Khan Muhammad, Muhammad Ihsan, Hanif Khan, Mufti M. Ehsan ul Haq, Muhammad Ibrarul Haq, Obaidullah, Hafiz Muhammad Nawaz, Wajid Ali, Hafiz Mukhtiar Khan, Muhammad Osama Abbasi, Umair Ahmed, Muhammad Bilal Afridi, Ibrahim Al Shoraim, M. Aqeel Abbasi, M. Osama Qureshi, Saifullah, Nazir Ahmed, Muhammad Idrees, Abdul Malik, Irshadullah Jan, Fazal Subhan, Asif Javed (Alias Molvi Ibrahim, Rashid Minhas, Mufti Muhammad Saqib, Muhammad Wali, Shamsur Rehman, Muhammad Yasir, Hussain Ahmed Deshani, Matiur Rehman, Mufti Saqib, Ejaz Anwar and Bilal Khan Bangash. There were a total of 29 cases in Modaraba scams including one inquiry and 28 references filed in the respective Accountability Courts. The first case surfaced in April 2013 when hundreds of victims approached the NAB complaining that they had been cheated by a so-called religious scholar in the name of Islamic investment (Modarba). They had been promised around six to eight “halal” monthly returns on their investment but the payment of profit stopped after a few months. Soon several other similar cases were reported to the NAB.