NAB recovers Rs2bn in PHED mega scam
LAHORE : The NAB Lahore investigation team, under the supervision of NAB Lahore Director General Ghulam Safdar Shah, has successfully completed a major recovery of Rs2 billion in an ongoing probe pertaining to a mega corruption scandal involving officials of the Public Health Engineering Department (PHED), Sheikhupura.
The NAB Lahore DG formally handed over first installment of the recovered amount to Additional Secretary Finance, Punjab Khalid Mehmood in NAB office, Lahore. According to the details, NAB Lahore launched inquiry proceedings in September 2024 pertaining to the issuance of bogus cheques worth Rs5 billion (approx.) by the officers and staff of the Public Health Engineering and District Accounts Office, Sheikhupura.
During the inquiry proceedings, some of the accused persons confessed to their crimes and filed plea bargain requests of Rs2 billion, which were duly approved by Accountability Court, Lahore.
Following court approval, the bureau succeeded to ensure recovery within a short period and the initial tranche of the recovered amount has been submitted into the national treasury.
NAB Lahore DG commended the exceptional performance of the investigation team, noting that the recovery of looted public funds in such a short time reflected team's commitment and competence.
He further stated that the investigations are actively underway against other accused persons involved in alleged embezzlement of public funds.
Ghulam Safdar emphasised that providing immediate relief to common citizens is NAB’s top priority and all possible measures are being taken for this purpose. He added that in order to recover and distribute the looted amounts to the rightful victims, the process of auctioning-off seized properties of the accused persons has been initiated.
In this regard, a public auction of valuable confiscated properties was held at the Deputy Commissioner Office, Lahore on Friday and the auction of seized assets will continue in other districts as well as per given schedule.
-
Newborns At Risk: Health Experts Warn Your Baby Could Already Have Diabetes -
Sarah Ferguson Updates Her Plans Now That Andrew’s Eviction Is Nine Days Away -
Hailey Bieber Sends Cease And Desist To TikToker -
Kate Middleton Celebrates England Women's Rugby Stars After World Cup Win -
Kris Jenner Dubs Chicago West Her 'sweet Angel' As She Turns Eight -
Josh Charles Credits Taylor Swift For His, Ethan Hawke’s Moon Person Trophies -
Jodie Foster Voices Opinion About 'misogyny' -
Virginia Madsen Remembers Late Brother Michael Madsen Six Months After His Death -
Emilia Clarke Reveals Real Price Of Playing Daenerys In 'Game Of Thrones' -
Ex-Chicago Mayor Hit With Lawsuit Over Unpaid Credit Card Bills -
Andrew Risks His Relationships With Princess: ‘She’s Supporting The Abused And It’s Festering’ -
Harry Styles Unveils New Album After Cryptic Posters Spark Fan Frenzy -
Prince Harry Ready To Return To The UK To King Charles But It’ll Depend On How THIS Goes -
Why Isn't King Charles Mourning Death Of His Father's First Cousin? -
Nicole Richie Breaks Silence On Her Daughter's Name Change -
Truth Behind Chris Noth, Sarah Jessica Parker's Ongoing Feud Revealed