NAB Karachi is­sues re­cov­ered amounts

The Financial Daily - - NATIONAL -

KARACHI: A cheque dis­tri­bu­tion cer­e­mony was held to­day at NAB Karachi of­fice in an aus­tere and sim­ple man­ner in which DG NAB Karachi Brig (Retd) Fa­rooq Nasar Awan ac­com­pa­nied with Jameel Yusuf, Founder Chief CPLC dis­trib­uted cheques amongst the af­fected of PHA May­mar Joint Ven­ture Project Karachi, worth Rs.37.328 mil­lion re­cov­ered by NAB af­ter com­ple­tion of suc­cess­ful in­ves­ti­ga­tion, says a Press re­lease.

As per the de­tail, an in­quiry against PHA May­mar on the al­le­ga­tions of cheat­ing pub­lic at large was con­ducted by NAB Karachi. The com­pany looted the life­sav­ings of gen­eral pub­lic by way of non-com­ple­tion of project/flats. The man­age­ment of com­pany de­spite col­lec­tion of hefty amounts from gen­eral pub­lic fails to han­dover the flats/plots to real af­fected/al­lot­tees of project.

DG NAB Karachi Brig (Retd) Fa­rooq Nasar Awan while talk­ing to af­fected said that un­der the lead­er­ship of Chair­man NAB Jus­tice Jawed Iqbal with his vi­sion of "Ac­count­abil­ity for All & Zero tol­er­ance against cor­rup­tion", NAB is striv­ing hard to take cul­prits to task with­out dis­crim­i­na­tion; and re­cover max­i­mum looted as­sets back to the af­fected as well as to Fed­eral and Pro­vin­cial Gov­ern­ment.

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