ISLAMABAD: Nov 10, 2021: The National Accountability Bureau (NAB) has recovered Rs 821.573 billion directly and indirectly since its inception till September 2021.
In a statement issued here by the media director Mr Nawazish Asim on Wednesday, NAB has released the details of direct or indirect recoveries made by it till September 2021 in response to some media reports about the NAB recoveries.
The statement said that the indirect recovery amounting to Rs 500.650 billion had directly been handed over to the quarters concerned including the owners, claimants and entities,etc by the bureau.
Some other recoveries included bank loan defaults, financial institutions such as Punjab Cooperative Board for Liquidation (Punjab Cooperative Board Limited (PCBL ) of worth Rs 198.057 billion have been realised/credited to the respective financial institutions.
Similarly, the statement said the recoveries of fines amounting to Rs 45.915 billion imposed by various accountability courts were recovered under relevant provisions of law.
The option of voluntary return and plea bargain are availed by the accused persons during the course of inquiries and investigations.The recoveries under the subject provisions are in cash and kind. However, the Supreme Court of Pakistan has ordered not to exercise the option of voluntary return vide petition no 17/2016. The amount of voluntary return and plea bargain are included Rs 54.902 billion cash and rest of recoveries are in kind. Moreover, Rs 46.22 billion has already been disbursed to the respective provincial/ federal and concerned entities as per the law.
