Recovery of Looted money NAB’s top most priority: Irfan Naeem


ISLAMABAD: (Parliament Times) The National Accountability Bureau (NAB) Rawalpindi distributed a sum of Rs.10 Million among 9 affectees and government departments at a ceremony held here today. Director General NAB Rawalpindi Irfan Naeem Mangi handed over the cheques to the affectees and concerned government departments on behalf of Honorable Justice Javed Iqbal, Chairman NAB at NAB Rawalpindi.
Addressing the ceremony DG NAB Rawalpindi Irfan Naeem Mangi reiterated the firm resolve of Honorable Justice Javed Iqbal, Chairman NAB that recovery of looted money from corrupt is the top priority of NAB. NAB will leave no stone upturned to arrest corrupt at any cost under the dynamic leadership of Chairman NAB Mr. Justice Javad Iqbal so that all effectees will receive their looted money. the motherland could achieve the dream of Corruption.
In case of inquiry against Tele Town (Pvt) Ltd, Islamabad and others. The management of M/s Tele Town collected Rs. 313 Million illegally from the general public without obtaining permission from CDA to advertise the scheme and sold 2330 files/plots during 2004 – 2007. The management of M/s Tele Town did not obtain NOC from CDA for detailed layout plan. In NAB, about 200 members with an amount of Rs. 30 Million (approx) claimed for refund/plots. The management of the society submitted an application for Plea Bargain against the claims pending at NAB (R) and in this regard, PB of Rs 30.02Million was accepted.
In the first phase, NAB Rawalpindi already refunded an amount of Rs.9.66Million among 42 efectees after verifying their claims. In second phase today’s ceremony 8 effectees have been returned an amount of Rs.1.88 miliion.
In case of inquiry against Government Functionaries and others regarding corruption/corrupt practices and misuse of authority reference against “state vs. Dr. C.M. Anwar & others. The accused Muzaffar Nishat, Ex-AD PARC was deliberately avoiding appearing before the court and absconded, therefore, he was declared as Proclaimed Offender. The Red Notice bearing Control No. A-1684/8-2007 was issued against subject accused. Consequent upon a report by NCB-Interpol the accused Muzaffar Nishat S/o Nishat Ahmad Khan was arrested on his arrival at Benazir Bhutto International Airport, Islamabad.
Accused being a member of the purchase committee violated the Purchase Rules & Finance Rules by recommending the advance payments to the dealers. The advance payments were made without any guarantee, which was approved by the then Chairman PARC (Accused C.M. Anwar Khan). Subsequently, purchase of vehicles was made and about 9.7 Million have been misappropriated in the shape of exorbitant rates and fraudulent transfer from PARC’s account to Alpha Motors & Wings Motors.
Accused misuse his authority, corruption and corrupt practices by causing loss to National Exchequer on account of purchase vehicles at exorbitant rates and advance payments to the fake firm. NAB Rawalpindi recovered 8.1 Million and handed over to Dr. Yousaf Zafar Chairman PARC.


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