KARACHI: The National Accountability Bureau (NAB), Karachi, has arrested an ex-police head constable and his son, who is a serving constable, from Hyderabad and unearthed cash, gold and documents of unaccounted for properties worth billions of rupees.
The NAB on a tip-off conducted raids within the jurisdiction of Latifabad No.9 Hyderabad and arrested two accused namely Muhammad Yousuf and his son Arif Yousuf on Feb 25 and 26 respectively, a NAB spokesman said in a statement here on Monday.
He said Muhammad Yousuf, his house and business place were thoroughly searched wherein properties including cash, gold, and unexplained documents of unaccounted for properties were recovered, whose cumulative worth as per current market value runs in millions.
The details of the properties are Cash Rs3.89815 Million, Irani Riyals 20 million, (Pak Rupees. 64697.99); Cash Saudi Riyals 745 (Pak Rupees 20823.57); Cash UAE Dirham 3405 (Pak Rupees 97187.05); Prize Bonds worth Rs1.21225 Million; Gold Ornaments 39.4 Tolas and Imitation Jewelry (Pak Rupees 2029100), One Rado wrist Watch.
While Bank Accounts and transactions likely to run in billions (Approx. 20 accounts in various Banks, mostly in Soneri Bank where Rs20 million to 70 million cash was deposited over the years in each account. More than 20 Benami Bank Accounts were also unearthed.
Other properties include one marriage hall at Latifabad worth Rs30 million, Sale Deed of a plot in Latifabad worth Rs28 million; Documents of almost 10 plots in Bahria Town, Hyderabad, Surjani Town etc; Documents of 3 shops in Boulevard, Hyderabad, Documents of 5 Flats in Bahria Town etc, Documents of around 6 Houses in Latifabad Hyderabad and Bahria Town Karachi; 120 Payment receipts made for Bahria Town plots; 10 Vehicles physically recovered worth (approx.) Rs14.3 million.
The preliminary interrogation has revealed that Muhammad Yousuf was Head Constable and terminated from service on corruption charges whereas his son Arif Yousuf is a Police Constable still serving in Sindh Police District Hyderabad.
The preliminary interrogation has also revealed that both the arrested accused have been working in connivance with certain government officials and also in capacity of front-men for parking of cash, buying and selling of properties in their names and in the names of other benamidars, on their own behalf and on behalf of certain officials to act as important part of money laundering process.
On the pointation of the arrested accused further raids are being carried out that are likely to lead to further recoveries of bank accounts, properties and arrests as well.
The accused will be produced before the Accountability Court at Hyderabad for physical remand.
