The National Accountability Court here on Saturday granted 14-day physical remand of former Additional District Accounts Officer (ADAO) Mushtaq Ahmed Shaikh. The NAB’s spokesman Deputy Director Rizwan Soomro informed that a special team of NAB arrested Shaikh from Karachi on Friday.
Following the arrest Shaikh led the team to his residences in Hyderabad and Matiari from where cash, assets and property documents worth more than Rs 1 billion were recovered, he added.
According to Soomro, Shaikh’s involvement in the embezzlement of public funds was pointed out by ex-head constable Muhammad Yousuf and his son, police constable Arif Yousuf, who were arrested from Hyderabad on February 26.
The recovered things include cash Rs 17.3 million, Saudi Riyal 37,016, 3 kilograms of gold, 9 vehicles, documents of 2 bungalows in DHA Karachi, 4 plots in DHA Karachi and Bahria Sports Karachi.
The NAB also recovered documents of 3 houses and 2 flats in Hyderabad, 2 houses and a 45-acre farm house in Matiari district, 146 livestock animals, saving certificates, 31 cheque books, 2 expensive wrist watches and hundreds of original treasury bills.
“The preliminary interrogation has revealed that the accused person misused his authority by fraudulently preparing bogus bills in favor of bogus beneficiaries under the heads of different bills, pension, GP fund, salaries and allowances. He got them cleared through various bank accounts opened in connivance with various bankers,” a press release issued by the NAB stated.
It further pointed out that the accused remained a central figure in an organized crime and process of money laundering. “He has been operating a large gang consisting of private persons and incumbents of various district accounts offices,” it claimed.
According to NAB, Shaikh remained involved in the official matters even after his retirement while acting as a facilitator of the serving officials and beneficiaries of the ill gotten wealth for the sake of his commission.—APP