NAB hands over Rs.6 billion recovered assets to KP govt
Key takeaways
- Add ARY News on Google AAResize The National Accountability Bureau (NAB) handed over recovered assets worth more than Rs.
- At a ceremony held in Peshawar, NAB Chairman Lt Gen (Retd) Nazir Ahmad formally transferred the recovered assets to the provincial chief secretary.
- According to NAB, the assets transferred in the first phase include cash holdings, precious metals, luxury vehicles, and high-value residential and commercial properties identified during the investigation.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize The National Accountability Bureau (NAB) handed over recovered assets worth more than Rs. 6 billion to the Government of Khyber Pakhtunkhwa (KP) in the first phase of asset recovery from one of Pakistan’s largest-ever financial fraud investigations involving the misappropriation of public funds in Upper Kohistan.
At a ceremony held in Peshawar, NAB Chairman Lt Gen (Retd) Nazir Ahmad formally transferred the recovered assets to the provincial chief secretary. The assets are part of an ongoing recovery effort stemming from an investigation into the alleged misappropriation of more than Rs. 37 billion from the public exchequer over nearly a decade.
According to NAB, the assets transferred in the first phase include cash holdings, precious metals, luxury vehicles, and high-value residential and commercial properties identified during the investigation.