On November 16, 2025, the National Accountability Bureau (NAB) announced a major breakthrough in the Triple A Associates scandal, linked to Bahria Town. NAB successfully reached a plea bargain with the company’s CEO, Sheikh Fawad Bashir, and MD, Shehzad Ali Kayani, recovering a massive Rs 12.7 billion. This case is one of the largest fraud settlements in NAB Rawalpindi’s history.
Background of the Triple A Associates Scam
The scandal involved Triple A Associates collecting large sums of money from thousands of investors between 2020 and 2023. Investors were promised high returns through commercial projects, but the company failed to execute the projects, resulting in huge financial losses for ordinary people.
Legal Proceedings and Investor Protection
Affected investors had challenged the case in the Lahore High Court, where they were granted an injunction last year to protect their investments. NAB’s plea bargain addressed these concerns and ensured that the recovered funds would be returned to the victims.
NAB’s Statement and Settlement Details
NAB stated on its official website that the plea bargain resolves all investor concerns. The bureau confirmed that the defrauded money has been fully recovered from the company’s leadership, marking a significant victory in Pakistan’s fight against financial fraud.
Significance of the Settlement
This plea bargain is the largest in NAB Rawalpindi’s history in terms of fraud settlements. It not only recovers lost funds for investors but also sets a strong precedent for corporate accountability in Pakistan. Authorities say such actions strengthen trust in the country’s financial and legal systems.
Impact on Investors and Future Precautions
Thousands of investors can now reclaim their lost funds, reducing the financial strain caused by the scam. NAB emphasizes the importance of due diligence and legal safeguards for investors to prevent similar incidents in the future.
Final Take
The Triple A Associates settlement highlights NAB’s commitment to tackling large-scale financial fraud. By securing Rs 12.7 billion and addressing investor grievances, the bureau has sent a strong message: corporate fraud will not be tolerated in Pakistan.
