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NAB arrests Shaheen Ahmed Satti for alleged embezzlement in funds of housing society

byCustoms Today Report
14/03/2015
in Business
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ISLAMABAD: The National Accountability Bureau (NAB) Rawalpindi has arrested main accused Shaheen Ahmed Satti, employee of Senate of Pakistan, on charges of corruption in funds of Senate Secretariat Employees Cooperative Housing Society Islamabad.

The accused Shaheen Ahmed Satti son of Muhammad Afzal Khan with Additional Secretary Senate of Pakistan Syed Mussarat Abbas Shah Naqvi and Muhammad Akram of Senate of Pakistan conducted mal-practices and cheated the public by depriving them of millions of rupees. Accused have allegedly looted Rs 92 million.

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Earlier, National Accountability Bureau (NAB) arrested other accused Additional Secretary Senate of Pakistan Syed Mussarat Abbas Shah Naqvi and Muhammad Akram on the charges of mis-utilization and embezzlement of the funds of the society.

The NAB had received complaint regarding irregularities pointed out in audit report. It was alleged in the complaint that the members of ex-management of Senate Secretariat Employees Cooperative Housing Society Islamabad were responsible for misuse and embezzlement of the funds.

The major points raised in audit report were incomplete books of accounts, failure on the part of ex-management and ex-purchase committee to hold its meetings, indulging of society management in litigation cases and committing irregularities in purchase of land.

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