ISLAMABAD: The National Accountability Bureau (NAB) Islamabad on Tuesday handed over recovered assets worth more than Rs 4.1 billion to the Rawalpindi Development Authority (RDA) in a major embezzlement case involving the authority’s departmental funds.
Sources privy to the matter said that a formal handing-over ceremony was held at NAB Islamabad, during which NAB Waqar Director General Ahmad Chauhan formally handed over the recovered crime proceeds, comprising Call Deposit Receipts (CDRs) and immovable properties, to representatives of the Rawalpindi Development Authority.
The case pertains to the embezzlement of RDA’s departmental funds through the issuance of 321 CDRs. Following an investigation by NAB, Rs1.75 billion was recovered through plea bargains, settlements and recoveries, while 31 immovable properties, valued at approximately Rs2.3 billion, were frozen and receiver has been appointed for the same.
The recovery was made possible under the close supervision and special interest of the DG NAB.
The DG appreciated the team’s outstanding performance and reiterated that the recovery and restitution of public assets remain one of NAB’s foremost priorities.
The sources said that a reference against the accused persons will shortly be filed before the accountability court, Rawalpindi, while efforts to recover the remaining amount are continued.
