Embezzlement: NAB recovers Rs4.62m of CDA’s money
The money had been misappropriated by CDA employees.
ISLAMABAD:
The National Accountability Bureau (NAB) on Friday gave the Capital Development Authority (CDA) Rs4.62 million that it recovered against the money embezzled by former CDA staffers in 2010.
A Rs14 million scam was reported in 2010, when officials in the CDA’s Municipal Administration Directorate (DMA), Malik Jamil Ahmed and Syed Aftab Haider, released the amount from the CDA to a private contractor named Kamran Khan. They were arrested soon after.
DMA Deputy Director Mansoor Ahmed Khan confirmed on Friday that the money had been handover to CDA. He said that a huge amount was recovered by CDA itself from the principle accused, Haider and Ahmed, with NAB successfully recovering the rest.
According to NAB Public Relations Officer Hafiz Mohammad Irfan, prior to authorisation of the inquiry by NAB in 2010, the department had recovered Rs3 million from the accused. He added that Kamran Khan had managed to get Rs10.235 million illegally credited to his bank account.
Khan and Ahmed were arrested in December 2011, and both submitted plea bargain requests while in custody.
Khan had offered Rs4,622,741, which was accepted by NAB. The remaining amount that Khan has to return to CDA is Rs2,423,625, which will be paid back in instalments.
Published in The Express Tribune, July 28th, 2012.
The National Accountability Bureau (NAB) on Friday gave the Capital Development Authority (CDA) Rs4.62 million that it recovered against the money embezzled by former CDA staffers in 2010.
A Rs14 million scam was reported in 2010, when officials in the CDA’s Municipal Administration Directorate (DMA), Malik Jamil Ahmed and Syed Aftab Haider, released the amount from the CDA to a private contractor named Kamran Khan. They were arrested soon after.
DMA Deputy Director Mansoor Ahmed Khan confirmed on Friday that the money had been handover to CDA. He said that a huge amount was recovered by CDA itself from the principle accused, Haider and Ahmed, with NAB successfully recovering the rest.
According to NAB Public Relations Officer Hafiz Mohammad Irfan, prior to authorisation of the inquiry by NAB in 2010, the department had recovered Rs3 million from the accused. He added that Kamran Khan had managed to get Rs10.235 million illegally credited to his bank account.
Khan and Ahmed were arrested in December 2011, and both submitted plea bargain requests while in custody.
Khan had offered Rs4,622,741, which was accepted by NAB. The remaining amount that Khan has to return to CDA is Rs2,423,625, which will be paid back in instalments.
Published in The Express Tribune, July 28th, 2012.