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NAB recovered over Rs258b since inception
 
 
 
NAB recovered over  Rs258b since inception

ISLAMABAD - The National Accountability Bureau (NAB) has so far recovered Rs 258.392 billion and secured conviction of 1,770 persons in different corruption cases since its inception, it has been reliably learnt.
According to a document submitted in the Senate, a copy of which is also available with The Nation, the NAB has informed that it has so far recovered Rs 258.392 billion from offenders and deposited the money in national exchequer and returned to the affected people and departments. An amount of Rs 6.251 billion has directly been deposited in the public exchequer. The other recoveries include bank loan defaults and money earned through fraudulent schemes.
The document further states that 3,518 cases have so far been decided through courts, voluntary return and plea barging, besides transferring them to other departments, while 3,014 cases have been closed.
It further reveals that 1,770 persons have been convicted in NAB cases so far through courts/ plea bargain on account of corruption, misappropriation, criminal breach of trust and misuse of official position.
The document adds that NAB is actively pursuing as many as 648 inquiries, 243 investigations and 576 references. Chairman NAB Qamar Zaman Chaudhry has directed all the regions and wings of the bureau to expeditiously pursue the cases to recover the looted money and ensure maximum conviction of the corrupt elements and clear the backlog of the pendency of cases.

 
 
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