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NAB recovers assets worth Rs1.3b from Mushtaq Raisani

byCT Report
11/07/2018
in Business
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QUETTA: The National Accountability Bureau (NAB) on Wednesday recovered assets worth Rs1.3 billion from former Balochistan finance secretary Mushtaq Raisani, sources said.

In May 2016, NAB officials raided Raisani’s office and formally placed him under arrest. They also raided his residence and seized Rs730 million in cash and jewellery worth nearly Rs40 million. Further investigations revealed that the finance secretary also possessed valuable illegal properties in Karachi’s Defence Housing Authority.

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Raisani was taken into custody on May 6, 2016. Three days later on May 9, NAB arrested government official Sohail Majeed for allegedly facilitating Raisani in his crimes.

According to information received from sources, the assets recovered from Raisani were obtained through corrupt practices. Speaking in Lahore earlier today, NAB Chairman Justice (r) Javed Iqbal refused to comment on Raisani’s case.

“Mushtaq Raisani’s case in the court. I don’t want to comment on it. However, whatever happened in the case is in front of everyone,” he said.

In 2017, the team, including Balochistan Finance Department Additional Secretary Ashaq Jamali, along with the Sindh government as well as Karachi DHA officials started working on transferring the registries of illegal properties to the Balochistan government.

The efforts of the NAB Balochistan investigation team bore fruit as the illegal properties were transferred and handed over to the Balochistan government.

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