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B4U scam: SC extends Saif-ur-Rehman’s interim bail for two weeks

He has been accused of cheating the public

SAMAA | - Posted: Sep 1, 2021 | Last Updated: 3 months ago
Posted: Sep 1, 2021 | Last Updated: 3 months ago

The Supreme Court of Pakistan has extended the interim bail of B4U CEO Saif-ur-Rehman Khan for two weeks against surety bonds worth Rs2 million.

Khan, the owner of B4U Group of Companies (later renamed as the Saif ur Rehman Group), is accused of cheating the public at large in a multi-billion rupee scam.

On Monday, in a dramatic turn of events, Khan was able to secure an interim bail from the Supreme Court against surety bonds of Rs1million three hours after the National Accountability Bureau Rawalpindi had arrested him from the SC’s premises.

On Thursday (August 26), he managed to escape from the Islamabad High Court after a bench comprising Islamabad High Court Chief Justice Athar Minallah and Justice Amir Farooq rejected his bail application. Since then, NAB officials were looking for him. 

On Monday, the NAB team was present at the Supreme Court as they had received information that B4U CEO will be going there. They arrested him from the court premises.

Justice Ata Bandial, who is currently working as the chief justice of the Supreme Court, took notice of the development and directed NAB to produce the accused before the court. He also asked the graft body to explain his dramatic arrest from the court’s premises.

Later on, prosecutor general NAB submitted an unconditional apology to the SC for arresting the accused from the court’s premises.

Khan was arrested from the court’s premises at around 9:30am Monday and was able to secure an interim bail around noon after NAB produced him before the court. 

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One Comment

  1. Syed Razi Uddin  September 4, 2021 5:23 pm/ Reply

    We have strange Judicial system. The fraudster is not arrested since 6 to 7 months. No one knows that NAB people deliberately arrested the SR so that his bail plea may be strengthened and case became easy for SC judges to decide in favor of culprit. He already had bear multiple CNICs and residencies (aka passports) of different countries, and we dont know that any day he may left the country (unless all his CNICs and passports etc) are in ECL list (which i doubt).

    I am afraid why there is no penalty imposed on those so called Islamic sharia based Banks, who allowed to B4U to open accounts in name of B4U and his officials as they practically have no earning except expenditures and (deposits made by new investors). Where was their KYC ? Dont they aware that the B4U and people are involved in running Ponzi schemes since more than an year.


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