Home / Government Institutions / National Accountability Bureau Rawalpindi distributes Rs.339.29 million among 21 affectees and government departments

National Accountability Bureau Rawalpindi distributes Rs.339.29 million among 21 affectees and government departments

Islamabad, March 30, 2017 (PPI-OT): NAB Rawalpindi distributed Rs.339.29 million among 21 affectees and government departments in a ceremony held here today. Barrister Zafarullah Khan, Special Assistant to the Prime Minister for Human Rights was the Chief Guest at this occasion and handed over the cheques to the affectees and concerned government departments.

Addressing the ceremony, Barrister Zafarullah Khan, Special Assistant to the Prime Minister for Human Rights appreciated the efforts of DG under the leadership of Mr. Qamar Zaman Chaudhry and NAB team for actively pursuing the corruption cases and making recoveries of the embezzled amounts. He said NAB is making all out efforts to recover the looted money from the swindlers. This practice to invest in the unauthorized schemes in greed of more interest and returns on investments must be discouraged. He urged the people to invest only in the government approved banking system and approved investment companies/housing societies.

Director General NAB Rawalpindi re-iterated that the NAB will continue to pursue the corrupt under the leadership of Chairman NAB Mr. Qamar Zaman Chaudary so that we may make Corruption free Pakistan. NAB strongly believes in Zero Tolerance Policy against Corruption. NAB’s Anti-corruption campaign is carried widely for awareness and prevention of corruption besides Enforcement across the board. He said that the cases in which looted money has been returned to their rightful owners are as under:-

In case of M/S TECHNO-E POWER (PVT) Sammundri Faislabad, NAB has recovered Rs. 232.12 millions from M/S TECHNO-E POWER (PVT) and handed over the same amount of Rs. 232.12 million to the officials of Northern Power Generation Company Limited (NPGCL).

In case of M/s Capital Builders, accused Ch. Tassaduq Pervez Chief Executive of M/s Capital Builders Pvt. Ltd along-with others launched a housing scheme, namely “New Islamabad Garden” in Sector C-17 Islamabad. The management of M/s Capital Builders Pvt. Ltd booked more than 3000 plots in year 2005 in said housing scheme without NOC from CDA whereas the company owned only 305 Kanals at the time of booking of plots. NAB investigated the matter on complaints received from general public.

The accused voluntarily came forward and submitted an application for Plea Bargain (PB) which was accepted NAB and subsequently approved by the Accountability Court Islamabad. The accused Ch. Tassaduq Pervez paid Rs. 208.67 million as per PB agreement against the claims of about 1145 affectees filed with NAB. NAB has already returned Rs. 188.05 million to the affectees of this scheme in five phases. In sixth phase today Rs 2.9 million paid to 1 affectee of the scam.

In case of inquiry against Ehtesham Malik, Management of M/s Maqbool construction Pvt. Ltd, Accused Ehtesham Malik in conninevance with other accused misused the name of Turkish Prime Ministry Housing Development Authority (TOKI) by illegal import of construction machinery, equipment and vehicles thereby depriving the national exchequer from custom duties. Ehtesham Malik committed a fraud by way of forging a pay order of bank and misappropriated the said amount. NAB approved the Voluntarily Return (VR) request of said accused and paid Rs 3 million to Siyahkalem Engineering Construction industry and Trade Co. Ltd in ceremony held today.

In case of inquiry against Bilal Fahad and others. The accused persons were involved in embezzlement in NIB Bank. The accused Fahad Amin Sahibzada has been arrested on the allegation of misusing his authority in capacity as banker position and committed illegal / fraudulent activities. Thus caused loss to NIB bank to the tune of Rs 176.72 million. That amount was transferred through fake Fund Transfer Request (FTR) to personal bank account maintained at JS bank F-7 Branch, Islamabad. NAB recovered Rs 55.27 Million and paid to NIB in ceremony held today.

In case of inquiry against Adeel Mumtaz and others on allegations of willful loan default of electricity bill. The accused Adeel Mumtaz and others defaulted electricity bill of Rs 5.11 million. NAB recovered the said amount and paid to IESCO in ceremony held today. In case of Parliamentarian Enclave Housing Scheme, Islamabad, NAB recovered Rs. 5.3 Millions and paid to 14 affectees of said housing society today. In first phase NAB had already paid Rs. 3.92 Millions to 9 affectees of said housing society.

In case of inquiry against Government Functionaries and others regarding corruption/corrupt practices and misuse of authority by placement of Rs. 500 million with Trust Investment Bank Limited (TIBL) by Privatization Commission. In first phase NAB had already returned Rs.170.6 Million to Privatization Commission on 25-08-2016. In second phase NAB paid Rs 29.625 million to Privatization Commission in ceremony held today.

For more information, contact:
National Accountability Bureau (NAB)
Attaturk Avenue G-5/2, Islamabad, Pakistan
Tel: +92-51-111-NAB-NAB (111-622-622)
Fax: +92-51-9214503
Email: chairman@nab.gov.pk, infonab@nab.gov.pk
Website: www.nab.gov.pk

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