NAB shares details of Rs822bn recovered since inception

nab akhbar - NAB shares details of Rs822bn recovered since inception

ISLAMABAD: The National Accountability Bureau (NAB) has recovered Rs821.573 billion directly and indirectly since its inception, said NAB spokesman.

In a statement issued on Wednesday, the spokesman said, the anti-graft watchdog has released the details of direct or indirect recoveries made by it till September 2021 in response to some media reports about the NAB recoveries.

According to the NAB spokesman, the recovered properties amounting to Rs500.650 billion had directly been handed over to the quarters concerned including the owners, claimants, and entities, etc by the bureau.

Some other recoveries included bank loan defaults, financial institutions such as Punjab Cooperative Board for Liquidation (PCBL) of worth  Rs198.057 billion have been realized/credited to the respective financial institution.

Similarly, the recoveries of fines amounting to Rs45.915 billion imposed by various accountability courts were recovered under relevant provisions of law.

The option of voluntary return and plea bargain are availed by the accused persons during the course of inquiries and investigations. The recoveries under the subject provisions are in cash and kind.

However, the Supreme Court has ordered not to exercise the option of voluntary return vide petition no 17/2016.

The amount of voluntary return and plea bargain are included Rs54.902 billion cash and the rest of the recoveries are in kind. Moreover, Rs46.22 billion has already been disbursed to the respective provincial/ federal and concerned entities.

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