NAB recovers billions in B4U scam, begins payouts to victims

August 22, 2025 (MLN): The National Accountability Bureau (NAB) has begun distributing Rs 3.7 billion among victims of the multi-billion-rupee B4U fraud.

The scam is considered one of Pakistan’s largest financial crimes, and this distribution marks the first phase of a Rs7.3bn recovery effort.

The B4U scam, operated by Saif-ur-Rehman and his associates through shell companies, functioned as an online Ponzi scheme, luring the public with promises of a 7% monthly return. Billions of rupees were collected from unsuspecting citizens before the scheme collapsed.

NAB launched an inquiry into the fraud on February 5, 2021, following hundreds of complaints from victims and the Securities and Exchange Commission of Pakistan (SECP).

Investigators traced and froze 56 bank accounts, properties and other assets linked to the accused, while digital data was analyzed to verify victims’ claims.

As part of the first phase of recovery, NAB is disbursing Rs3.7bn to 17,500 victims. Around 10,000 individuals are receiving their full amount, while the remaining 7,500 will initially receive 40% of their investment. The balance will be released within six months after the disposal of seized properties.

NAB Chairman Lt. Gen. (Retd.) Nazir Ahmed reiterated the bureau’s commitment to recovering 100% of the looted funds and returning them to the victims.

He also advised the public to thoroughly investigate investment opportunities before committing their savings.

Victims expressed gratitude for the recovery, noting they had lost hope of retrieving their hard-earned money until NAB’s action led to the recovery process.

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