NAB hands over recovered assets worth over Rs6 billion to KP Govt in Kohistan corruption case

PESHAWAR, Jun 02 (APP): The National Accountability Bureau (NAB) handed over assets worth more than Rs6 billion recovered in the Kohistan financial corruption case to the Khyber Pakhtunkhwa (KP) government.

NAB Chairman Lieutenant General (Retd.) Nazir Ahmed formally transferred the recovered assets to KP Chief Secretary Shahab Ali Shah during a ceremony held in Peshawar on Tuesday.

According to a statement issued by NAB, assets worth over Rs6 billion were handed over to the provincial government in the first phase. The recovered assets include cash, gold, valuable properties, and luxury vehicles.

NAB said that the recovery was made possible through a comprehensive and systematic investigation into the Kohistan corruption case. The Kohistan financial corruption scandal allegedly involved the embezzlement of more than Rs37 billion in public funds.

As part of the investigation, NAB Khyber Pakhtunkhwa conducted forensic and financial examinations of more than 1,500 bank accounts.

Chairman NAB Lt Gen (R) Nazir Ahmed said the complex financial fraud was uncovered through effective investigative efforts and praised NAB KP Director General Farmanullah and the investigation team for their performance.

 He added that further recovery efforts are still underway. The NAB Chairman further said that additional recovered assets would be transferred to the KP government once the relevant legal procedures are completed.

“Public resources are a national trust, and every possible measure will be taken to safeguard them,” the Chairman NAB said.