NAB returns Rs 760m to over 3,000 victims of housing societies fraud

NAB returns Rs 760m to over 3,000 victims of housing societies fraud

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LAHORE: National Accountability Bureau (NAB) on Wednesday returned Rs 760 million to more than 3,000 victims of housing societies fraud.

Anti-graft watchdog Justice (r) Javed Iqbal visited Bureau’s Lahore office where he was given detailed briefing on the progress made in mega corruption cases by the Combined Investigation Teams (CIT) headed by Director General NAB Lahore.

The chairman of the anti-corruption agency distributed checks worth 760 million rupees to more than 3,000 victims of the Model Housing Enclave and Ferozepura Housing Society.

Addressing the ceremony, he said that the Bureau has always ensured full implementation of the rule of law, adding that for the first time in history, a huge amount of Rs 2.5 billion was recovered from the accused under the Plea Bargaining Act in less than two years and distributed among thousands of victims.

The head of the National Bank went on to say that the anti-corruption agency was slandered, but the state agency continued to work hard to stop all kinds of bullying only by virtue of merit.

The chairman also assured that officials of the presidium would not be affected or pressured, adding that no businessmen faced any difficulties due to the National Bank.

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