Islamabad - On the directions of Chairman NAB Qamar Zaman Chaudhry, National Accountability Bureau (NAB) on Friday distributed Rs34.26 million among 215 affectees of UNAICO Pak Pvt Ltd during a ceremony held at NAB Rawalpindi Bureau. Deputy Chairman NAB, Rear Admiral (Retd) Saeed Ahmed Sargana handed over the cheques to the affectees.

Addressing the ceremony, Deputy Chairman appreciated the efforts of NAB for actively pursuing the corruption cases and making recoveries of the embezzled money. He said NAB is making all-out efforts to recover the looted money from the swindlers. However, this practice to invest in the unauthorised schemes in greed of more returns on investments must be ended and discouraged.

He said that under the leadership of Chairman Qamar Zaman Chaudhry, NAB is committed to eliminate corruption and fraudulent practices through good governance from the country who has directed all the concerned Divisions of NAB that all the complaints, Inquiries and Investigations must be conducted transparently in accordance with law and merit.

He urged the people to invest only in the government approved banking system and investment companies. He said that NAB is proactively pursuing corruption cases to clear the backlog and taking concrete measures to discourage and eradicate corruption from society.

Director General NAB Rawalpindi and Islamabad asked the people to be more vigilant and check credentials of such investment companies before handing over their hard earned money.  

He said that NAB Rawalpindi Bureau is handling different cases in which huge amount has been embezzled by white-collar criminals.

He appreciated the efforts of staff of NAB Rawalpindi/Islamabad Regional Bureau in recovery from the culprits and delivering the looted financial assets to the rightful owners. He said that investigating and procuring the amounts lost to corruption has always been NAB’s prime responsibility and honour.

He said on the directions of Chairman, NAB team seized the company’s bank accounts, closed the company’s office and seized all its assets. In order to return this recovered amount to the complainants of the company, a complaint verification committee was constituted to verify and ascertain the bona fide of the affectees’ claims prior to disbursement of the amount to these claimants.

The first phase of disbursements started with the disbursement ceremony held at NAB (R) on 03.12.2014 and included payments worth Rs23.28 million to 138 claimants. Today in 2nd phase, NAB distributed cheques amounting to Rs34.16 million among 215 effectees.