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NAB recovers Rs600m from Younas Kudwavi

byCT Report
03/04/2019
in Business, Latest News
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RAWALPINDI: The National Accountability Bureau (NAB)’s Rawalpindi chapter on Wednesday made its first recovery worth Rs 600 million in the fake accounts case from prime suspect Younas Kudwavi, according to media reports.

Kudwavi is believed to be a business partner of former president Asif Ali Zardari in Parklane Estates.

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NAB has also presented its interim challan before the accountability court – approved earlier by its executive board. Kudwavi is among eight nominated in the case.

Kudwavi is facing the charge of issuing illegal allotment letter on properties registered for a temple and library.

According to media reports, Kudwavi has moved from the UAE following the arrest of Omni Group CFO Arif Khan by Interpol.

Kudwavi who holds Canadian citizenship had been living in the UAE since the fake accounts case emerged 14 months ago. “But he [Kudwai] moved to the UK three months back and then left for Canada. He has become the epicentre of our investigation now. We are trying to catch him through the Interpol but it has become a herculean task for us. His dual nationality is one of the stumbling blocks in his immediate arrest and repatriation,” said a senior official of the National Accountability Bureau.

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