NAB Recovers Rs 1 Billion in 2 Years in Karachi

National Accountability Bureau (NAB) in Karachi unearthed financial scams in various sectors during the last 2 years. The anti-corruption watchdog has succeeded in recovering millions of rupees from criminals. The department also disbursed more than Rs 1 billion to the victims of corruption and scam.

According to a report, NAB has so far disbursed Rs. 816.783 million to the Government of Sindh, The amount was recovered during the last two fiscal years 2015-16 and 2016-17.

NAB Karachi also disbursed Rs.312 million that were recovered from various corruption cases. Out of Rs.312 million recently recovered, cheques of Rs. 289.221 million were handed over to Government of Sindh. Recoveries were made from various departments of the provincial government. Cases of corruption were found and resolved in Departments of Finance, Local Government, Irrigation and Education and more.

NAB disbursed the recovered money to various organizations and affected individuals as well. This included disbursement of:

  • Rs. 0.061 million to OGDCL,
  • Rs. 0.448 million to HESCO,
  • Rs 0.485 million to Askari Bank,
  • Rs. 8.457 million to affectees of M/s Crown Construction Company (Iqra City),
  • Rs.12.7 million to the affectees of PHA Maymar.

DG NAB Karachi, Mr. Mohammad Altaf Bawany reiterated his organization’s commitment to the eradication of corruption from society, with zero tolerance policy towards corruption. He said that the investigating agencies alone cannot work in isolation and that the pursuance of this cause requires comprehensive and concerted approach in a participative environment.

DG NAB (K) said that it is reflective of the trust that the public has reposed in NAB that the number of complaints received at NAB has almost doubled as compared to the figures in the recent past.

He said that as per the version of PILDAT, 42% people trusted NAB as against 30% for Police and 29% for Government offices. DG NAB said that corruption is a serious threat to democracy and sustainable development and that it undermines the Government’s ability to serve their people by corroding the rule of law, public institutions and trust in the leadership.

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