National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested former tehsildar Syed Masood Shah along with his associates Mahaz Khan, Imrose Khan Hussain Khalil involved in corruption and corrupt practices.
The accused during acquisition of 500 Kanal for Worker Welfare Board (WBB) at Mouza Shahi Bala, District Peshawar caused huge loss of more than Rs 50 million to national exchequer.
All the accused persons maneuvered the acquisition process in order to gain kickbacks and commissions, thereby facilitated and abetted the offence of corruption and corrupt practices.
WWB acquired land measuring 500 kanals for construction of Labor Complex, at a price of Rs 275 million, while an amount of more than Rs 90 million was embezzled by the accused persons.
An amount of about Rs 10 million has been recovered so far during investigation. It merits mentioning here that Raza Shah, Ilyas Patwari and Muhammad Idrees have previously been arrested in the instant case. Three accused persons were produced before the Accountability Court and eight days custody has been obtained while accused Syed Masood Shah will be presented on Wednesday (today) before Accountability Court for obtaining physical custody.
Further investigation is being actively pursued by NAB Khyber Pakhtunkhwa and more alarming facts are on cards.