Mushtaq Raisani 'cleared' by NAB

Raisani was taken into custody on May 6 after NAB recovered documents, Rs603 million during a raid at his residence

QUETTA: The country’s top anti-graft watchdog has accepted the plea bargain application of former finance secretary Mushtaq Raisani who has offered to return Rs2 billion to the national exchequer.

Raisani was taken into custody on May 6, 2016 after a team of the National Accountability Bureau recovered sensitive documents and Rs603 million in cash during a raid at his residence.



Raisani ready to return Rs2b in plea bargain

According to NAB authorities, Raisani and contractor Sohail Majeed had submitted plea bargain applications which were approved during the conference of the executive board with NAB Chairman Qamar Zaman Chaudhry in the chair in Islamabad. The accused, who have confessed to their crime, are willing to return Rs2 billion to the national exchequer.

A huge amount to the tune of Rs2.25 billion had been released for local government development – but the lion’s share was allegedly embezzled by Raisani and his cronies who are currently on judicial remand.



NAB has completed its investigations in the multibillion-rupee corruption scandal.

Published in The Express Tribune, December 22^nd, 2016.