NAB insists it recovered Rs821b since inception

NAB shares details of Rs821b recovered since inception

ISLAMABAD:

The National Accountability Bureau (NAB) has recovered Rs821.573 billion directly and indirectly since its inception till September 2021.

In a statement, the anti-graft watchdog released the details of direct or indirect recoveries made till September 2021 in response to some media reports about its recoveries.

According to the statement, the indirect recovery amounting to Rs500.65 billion had directly been handed over to the quarters concerned including the owners, claimants and entities by the bureau.

Some other recoveries include bank loan defaults and financial institutions such as Punjab Cooperative Board for Liquidation (Punjab Cooperative Board Limited (PCBL) of worth Rs198.057 billion.

Similarly, recoveries of fines amounting to Rs45.915 billion imposed by various accountability courts were recovered under relevant provisions of law.

The option of voluntary return and plea bargain were availed by the accused persons during the course of inquiries and investigations.

The recoveries under the subject provisions were in cash and kind. However, the Supreme Court had ordered not to exercise the option of voluntary return vide petition no 17/2016.

The amount of voluntary return and plea bargain is Rs54.902 billion in cash and the rest of recoveries are in kind. Moreover, Rs46.22 billion has already been disbursed to the respective provincial/federal and concerned entities as per the law.