PESHAWAR: The National Accountability Bureau (NAB) has claimed that it deposited Rs4.05 billion in national treasury as part of its largest-ever single recovery from the accused of Kohistan mega corruption scandal.
According to NAB, the recovery was made through a plea bargain with accused Mumtaz Khan, a dumper driver who allegedly acted as a front man for the scandal’s central figure, Qaiser Iqbal. After depositing the amount in the form of cash, properties and vehicles, Mumtaz Khan was released.
Investigations revealed that Qaiser Iqbal allegedly used Mumtaz Khan to open bank accounts under the names of fake companies. These accounts were reportedly used to siphon off massive sums of public money.
NAB has so far arrested more than 36 suspects in the case, while assets worth approximately Rs30 billion have been sealed and multiple bank accounts frozen.
During a hearing of the plea bargain application, Administrative Judge of the Accountability Courts Zafar Khan was informed by Deputy Prosecutor General NAB Khyber Pakhtunkhwa Muhammad Ali that solid evidence had been obtained regarding transactions exceeding Rs4 billion in Mumtaz Khan’s accounts.
The court approved the plea bargain after the accused formally submitted his request, marking a major milestone in one of Pakistan’s largest corruption investigations, estimated to involve nearly Rs40 billion.
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