National Accountability Bureau (NAB) on Thursday approved three references in different embezzlement cases of almost Rs 103 million and recommended prosecution of those involved in the scam. This was disclosed by NAB Chairman Nawid Ahsan, who chaired a meeting of the Bureau's Executive Board.
He said the board, after having detailed discussion of the corruption cases, approved three references against Saeed Ahmad, Abdul Baqi Mahar and Niaz Ali Baloch. Investigation revealed that accused Saeed Ahmed established two companies - Keath & Co and Saeed & Co- opening three fake accounts on fake Computerised National Identity Cards (CNICs).
The other accused, Ali Muhammd Akhtar and Saeed Ahmed, with the alleged connivance of each other prepared forged cheques, obtaining illegal pecuniary advantage of Rs 5.56 million. Accused Ali Muhammad Akhtar has been in judicial custody, while Saeed Ahmed is absconding.
Abdul Baqi Mahar, former District Registrar, Karachi, acquired assets worth Rs 31.2 million have been found to be disproportionate to his known sources of income. Niaz Ali Baloch as Excise and Taxation Officer acquired assets disproportionate to his known sources of income.
The negative differential on account of investment and other expenditures has been determined as Rs 12.390 million and unexplained transactions in the bank accounts to the tune of Rs 55.05 million have also been identified. The Executive Board authorised inquiry against Irfanuullah Khan, Director, Literacy and Non-Formal Basic Education, government of Balochistan, on charges of corruption and misuse of authority.
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