NAB Recovers $2.75 Billion (Rs289B) ‘Embezzled Money’ From the Corrupt

(PKONWEB Report) — Chairman National Accountability Bureau Justice (r) Javed Iqbal said on Thursday the country’s accountability watchdog has deposited Rs 289 billion (US$2.75B equivalent at US$1=Rs105) in the national kitty after recovering embezzled monies from the corrupt.

According to a communique issued by NAB, the chairman said a major chunk of the recovered monies has already been returned to the victims who were duped by the corrupt mafia.

Justice Javed Iqbal expressed concern that the country has been indebted to a staggering $ 84 billion foreign debt but unfortunately nobody knew where such a huge amount had been spent.

He opined that elimination of corruption was not only the responsibility of NAB but each member of society adding that NAB had established the forensic lab, which helped to improve the standards of investigations and inquiries.

“The excellent performance of NAB has been lauded by leading foreign and local organizations including Transparency International Berlin, Germany, the World Economic Forum and the PILDAT in their reports which are an honor for the country due to NAB efforts,” the statement said.

Also Read: ‘Black Economy Generating Undeclared Assets Home and Abroad’

Justice Iqbal said NAB was sticking to its policy of ‘Accountability for All’ as country’s progress and prosperity lies in eliminating the corruption, which, he declared was a cancer ‘plaguing the country’.

The NAB chief also held public hearing ‘Khuli Ketcheri’ at the NAB head office in Islamabad where he patiently listened to public complaints and issued directives to concerned NAB officers to conduct the probe of all complaints submitted by complainants on merit.

The complainants appreciated the serious efforts of Chairman NAB in the elimination of corruption across the board and said the public has trust in NAB’s working now.

“NAB is disposing off the Complaint verification, inquiries, investigation on merit and in accordance with the law,” the NAB chief said according to the statement.

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