NAB recovered Rs714b since establishment: Javed


Staff Reporter

Chairman of National Accountability Bureau (NAB) Justice (retd) Javed Iqbal on Sunday said that they have concrete evidence of money laundering worth billions of rupees from the country, ARY NEWS reported.
Criticizing those who claim that there was no money laundering from the country, the NAB chairman said that billions of rupees were transferred illegally abroad.
He further said that money laundering was the major reason behind the ill-constructed infrastructure in the country.
He said that even people were fooled in the name of religion through the Modarba scandal.
Shedding light on the performance of the NAB, Justice (retd) Javed Iqbal said that since its establishment, the accountability watchdog deposited Rs 714 billion looted from the national excheq-
He said that the NAB was responsible for probing white-collar crime and such cases needed time to collect evidence.
“We have detected billions of rupees being transferred abroad through benami accounts in the name of Falooda wala [ice cream seller] and chabri wala [pedlar],” he said.