Expose News

News on Politics, Sports, Business, & Health

Lahore NAB collected Rs 75 billion in three years

Lahore NAB collected Rs 75 billion in three years

#Lahore #NAB #collected #billion #years

ISLAMABAD: The National Accountability Bureau (NAB) Lahore has collected Rs 75 billion since 2017, out of which Rs 14.4 billion has been collected directly and Rs 66.6 billion indirectly from the accused.

In the 17 years from 1999 to 2016, the Lahore Bureau collected Rs 41.7 billion, including Rs 17.7 billion directly and Rs 23 billion indirectly. An important meeting of NAB chaired by Chairman Justice Javed Iqbal was held at the headquarters to review the overall performance of Chairman NAB Lahore. The Director General, Lahore Bureau, briefed him on the comparative statistics for the four years from 2017 to date and the comparison of receipts from 1999 to 2016 and from then till today.

The forum was briefed on the current state of scandal of 56 companies, housing societies and companies in Punjab and the details of convictions by the accountability courts on direct and indirect recovery in the last four years. The DG Lahore said that the bureau has collected Rs. 75 billion since 2017, of which Rs. 14.4 billion has been collected directly and Rs. 66.6 billion indirectly through corruption.

The Bureau filed four references against Lahore Parking Company (LPC), Punjab Power Development Company (PPDC) case and Punjab Clean Water Company case (PSPC). Currently, investigations against seven companies are in the final stages. Cases of 16 companies have been sent to NAB headquarters for further action. In addition, 33 inquiries have been closed or forwarded to other agencies for further action. An inquiry was sent to the Anti-Corruption Establishment (ACE) and the two inquiries were merged with the ongoing inquiry.

Punjab Power Development Company (PPDC) has recovered Rs. 1 billion from Ikram Naveed in the large scale scam of 56 companies while Rs. 80 million has been recovered in the Lahore Parking Company case through bail application. A significant development was the provision of proprietary rights to 500 vehicles and heavy machinery, valued at Rs 4 to 5 billion, used by two international firms in the Lahore Waste Management Company (LWMC) case to clean Lahore Is.

From 1999 to 2016, the Lahore Bureau compensated 8,500 victims, of which 1,629 were compensated in 2014, 1,401 in 2015 and 2,524 in 2016. In addition, 1,763 victims were given indirect compensation. And during the tenure of the present Chairman, Lahore Bureau, 58,790 victims were compensated. Out of which 14,200 were paid direct cash or salary orders of Rs 5.60 billion. About 21,628 victims were given houses, plots and flats as indirect rehabilitation, while 22,962 victims were relieved through references in accountability courts.

The DG NAB Lahore said that the bureau has also recovered Rs 3.49 billion from Double Shah who collected money from the people by promising attractive profits, out of which Rs 2.40 billion has been returned to the victims.

Chairman NAB Justice (Retd) Javed Iqbal appreciated the achievements of DG Lahore and reiterated his commitment to eradicate corruption from the country. He said that recovery of Rs. 487 billion from corrupt persons and its deposit in the national exchequer were important achievements of the bureau and various national and international organizations had lauded the excellent performance of NAB.