NAB refutes report of ‘zero recovery’ during four years

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The National Accountability Bureau (NAB) on Thursday refuted reports of zero recovery by the accountability watchdog during last four years and said that it has recovered Rs584 billion during the period.

In a statement issued today, the NAB said that it has directly recovered an amount of Rs460 billion from major housing societies while recovery of 140 million Pound from London was also made owing to accountability watchdog’s efforts.

“An audit of all recoveries and expenses have already been carried out by Auditor General of Pakistan,” it said and added, “The NAB has also presented the record before the Public Accounts Committee of the Parliament.”

The watchdog further said that cases against top suspects are already being proceeded in trial or appellate courts while 1405 suspects have been convicted after successful trial so far.– NNI

 

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