Director General National Accountability Bureau (NAB) has taken serious action over embezzlement of Rs 160 Million in Lahore Development Authority (LDA) Commercialization Case by signing arrest warrants (AW) of two accused officials namely Usman Latif and Mehmood Miraj.
According to the details, accused Usman Latif is employed in Finance Directorate General, whereas, accused Mehmood Miraj is an employee of Revenue Department. Furthermore, both accused persons in connivance with each other used to make bogus cash receipts without depositing the hefty amounts in government exchequer which was received in the wake of commercialization of properties.
Both accused managed to manipulate Rs 160 Million (approx) by such mall practices, wherein, LDA on suspicion of mega embezzlement in records referred "LDA Commercialization Case" to NAB Lahore for investigations in March current year. Following the directives of DG NAB Lahore, an inquiry against said accused officials was launched in April 2017 which resulted in arrest of both Usman Latif and Mehmood Miraj.
NAB Lahore has acquired Physical Remand of both accused till 21 July 2017 after producing them before Learned Accountability Court and further revelations regarding siphoned off amount are on the cards.