NAB recovers Rs1bn assets from SBCA official’s home

Published
9

KARACHI: The National Accoun­tability Bureau (NAB) Karachi on Thursday night recovered cash, luxury vehicles and other assets worth over Rs1 billion from the home of a senior official of the Sindh Building Control Authority (SBCA) who was facing an inquiry over allegations of having assets beyond his known income sources, said a NAB spokesperson on Friday.

NAB carried out search of residential premises of deputy director general of SBCA Adil Omer located in F. B Area under search warrant issued by a judicial magistrate.

“During search of his (accused) residence, several luxury vehicles, cash and assets were recovered worth over Rs1bn which appear to have been [amassed] by the accused out of ill-gotten money from embezzlement,” the Nab official claimed.

NAB said that Rs5.5 million cash/prize bonds, one Mercedes worth Rs8-9m, one Toyota worth Rs2.8m, Suzuki Swift and documents of Land Cruiser worth Rs22m, plots worth more than Rs500m, three properties in Dubai and bank accounts with available balance of Rs50m were found.

The accountability body spokesperson said that they had got “important leads and tip-off” during inquiry proceedings, which necessitated the search of the house for the purpose of tracing and recovering alleged illegal assets.

The accused was probed for allegations of accumulation of assets beyond known sources of income and living beyond means. The accused assumed charge of the position of deputy DG of SBCA on Thursday.

He has held important positions in SBCA.

The NAB spokesperson said that the accused was not arrested as he was under interim bail granted by the Sindh High Court.

Published in Dawn, July 7th, 2018

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