NAB geared up to bring corrupt elements to Justice to eradicate corruption: Chairman NAB

Corruption costs developing countries USD 1.26 trillion per annum

ISLAMABAD, Feb 21 (APP): NAB was geared up to bring the corrupt elements to justice to eradicate corruption from the country by vigorously pursuing “Accountability for All” policy as corruption was the mother of all evils which is a major hurdle in the development and prosperity of the country, said National Accountability Bureau (NAB) chairman Justice (Retd) Javed Iqbal.

In a statement, he said that NAB had no affiliation with any political party, group and individual. NAB officials have been directed to perform their duties in accordance with law with the realization that eradication of corruption is their national duty.

NAB was Chairman of SAARC Anti Corruption Forum. Pakistan and China have inked Memorandum of understanding MoU for eradication of corruption.

Pakistan and China were jointly working for ensuring transparency in China Pakistan economic coordination in CPEC project.

NAB was the focal department under the United Nations Convention against Corruption which is pride for Pakistan. NAB has established a state of the art Pakistan Anti Corruption Training Academy on modern lines to train its investigation officers and Prosecutors in order to inquire/investigate white collar cases more professionally and to plead them very vigorously in the respected Courts on the basis of solid evidence as per law.

He said that NAB’s proactive Anti-Corruption Strategy has started yielding positive dividends. Due to its effective anti corruption strategy, NAB has not only recovered Rs 714 billion looted money from corrupt directly and indirectly since its inception and deposited it in the national exchequer which was a record achievement of any Anti Corruption Organization working in Pakistan. NAB’s conviction ratio is about 68.6 percent.

NAB was utilizing all its resources to apprehend Proclaimed Offenders and Absconders to bring them to justice as per law.

The Chairman NAB said that there were about 1130 references under trial in respective Accountability Courts and their approximately worth is Rs 943 billion. NAB has conducted probes in 56 public limited companies, probes in offshore companies, Fake Accounts, money laundering and misuse of authority, assets beyond known sources of income and cheating the public at large in   illegal Housing/Cooperative Societies and Modaraba scams etc.

He said that plea bargains are deemed conviction which is approved by respected Accountability Courts. After a plea bargain, the accused not only accepts his/her guilt in writing before the Court but also returns to its looted money in the national exchequer.

He said that NAB has great regard for the business community as they are the backbone of the development of any country. NAB has established special cells for addressing the complaints of the business community related to NAB. NAB also respects bureaucracy and directed all concerned to ensure self respect of all persons visiting NAB offices as per law.

NAB during the period of present management of three years has recovered Rs. 487 billion from corrupt elements and deposited in national exchequer which is a record achievement.

The Chairman said that NAB has established its first Forensic Science Lab (FSL) in NAB and has rationalize its workload and timelines have been prescribed for efficient, effective and expeditious disposal of cases putting a maximum limit of 10 months which is a challenging target to investigate cases of even white collar crimes.

NAB has also introduced a new System of Combine Investigation Team (CIT) in order to benefit from the experience and collective wisdom of senior supervisory officers, a system of CIT consisting of Director, Additional Director, Investigation Officer and a Senior Legal Counsel has been put in place. This is not only lending quality to the work.

He said that the concept of CIT has proved very successful in order to improve the quality of inquiry and investigations and benefit from the experience and collective wisdom of senior officers.

The comparative figures for the latest three years are indicative of the hard work being put in by all ranks of NAB staff in an atmosphere of renewed energy and dynamism, where fight against corruption is being taken as a national duty.

Increase in the number of complaints also reflects enhanced public trust in the NAB besides appreciation of reputed national and international organizations about NAB’s excellent performance.  NAB’s faith was corruption free Pakistan.

Efforts were being made to achieve this goal by putting best of the best efforts with the help of all stakeholders as per law.

APP Services