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NAB KPK arrests accused involved in embezzlement of Rs 40m

byNadir Khan
14/10/2015
in Latest News, National
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PESHAWAR; NAB Khyber Pakhtunkhwa has arrested Muhammad Hassan, who is allegedly involved in fraud and embezzlement of funds in Housing Uniform Assistance Subsidy Project (HUASP) for Bajaur Agency and looted and embezzled more than Rs 40 million.

As per details, under the Housing Uniform Assistance Subsidy Project, the Government of Pakistan with the assistance of USAID paid compensation to Internally Displaced Persons (IDPs) whose houses had been damaged in the military operation against the miscreants. Under the project, Rs 400,000 were paid to each individual whose houses had been completely damaged, while Rs 160,000 were paid to owners of the partially damaged houses. The total payment of almost Rs 2.5 billion was made under the project to almost 10,000 affectees of Bajaur Agency.

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During the course of inquiry, it was revealed that Muhammad Hassan, with the connivance of FDMA officials, included fake and ineligible persons in the payment lists. The bank record of the accused shows that all the payment of these ineligible persons has been hoarded in the accused’s account, which indicates that the accused was the actual beneficiary while the bank accounts of these individuals were only used to benefit himself and officials of the FDMA.

Arshad Khan, former director general of the FDMA and Irfanullah, assistant director FDMA had already been arrested in the case.

NAB Khyber Pakhtunkhwa is actively perusing the case and more alarming facts are expected to come forth in the scam. The accused will be produced before Accountability Court Peshawar for obtaining his physical remand.

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