National Accountability Bureau Karachi Director General Javed Akbar Riaz, Friday stated that NAB has successfully concluded investigation of M-6 embezzlement case while making cash recovery of Rs1.286 billion.
He was addressing a seminar titled "Promoting Integrity, Transparency and Accountability" on the eve of International Anti-Corruption Day.
Governor Kamran Khan Tessori, NAB Deputy Chairman Sohail Nasir, IG Riffat Mukhtar Raja, Former Federal Law Minster Barrister Shahida Jamil, Head of Saylani Welfare Trust Moulana Bashir Farooq Qadri, notables from various walks of life and relevant officers attended the seminar, said a statement issued here.
The DG NAB Karachi said that an investigation against Adnan Rasheed, Ex-DC Matiari, Muhammad Tashfeen Alam, Ex-DC Naushehro Feroze, Management of Sindh Bank and others regarding embezzlement of Government funds received from NHA for land acquisition for Hyderabad-Sukkur Motorway (M6) Project has been concluded successfully.
"During the course of investigation, NAB Karachi achieved a rare feat of making cash recovery to the tune of whooping Rs1.286 billion which is the largest cash recovery in the history of NAB," he added. Moreover, two accused persons namely Ashique Hussain Kaleri and Ikhlaque Hussain Shah, opted for Plea Bargain worth Rs1.3b, he informed, adding that despite recent amendments in NAO 1999, reference had been filed before Accountability Court Hyderabad with the total liability of Rs. 4.7 billions. The DG said a cheque of Rs658.588 million and 14 properties worth approximately Rs380 million were handed over to National Highway Authority while another cheque of Rs4.657 million was handed over to Bank Islami Pakistan Limited, he said.
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Governor Tessori lauded NAB's efforts in recovery of looted money from the culprits and returning it back to government and affected people. Merit certificates were given to officers and officials of NAB Karachi in recognition of their best performance in the year 2023.
The three winner of declamation contests included Alishba from Ibne-Rushd Govt. Girls Degree College, Mirpurkhas, Owais Ali Kazi from Kali Mori Govt. College Hyderabad and Sanober Zehra from Shah Abdul Latif College Mirpurkhas held in English, Urdu and Sindhi Languages respectively also delivered their speeches on the occasion.
Published in The Express Tribune, December 9th, 2023.
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