NAB arrests ‘billionaire’ ex govt officer from Karachi

NAB arrests ‘billionaire’ ex govt officer from Karachi

KARACHI: National Accountability Bureau (NAB) has arrested former Additional District Accounts Officer (ADAO) of Hyderabad in mega corruption charges and seized Rs1 billion cash and other valuables worth millions of rupees.

ADAO Mushtaq Ahmed Shaikh, who was remanded for 14 days to NAB’s custody by the accountability court in Hyderabad on Saturday, was arrested from Karachi on Friday.

Shaikh’s alleged involvement in this massive embezzlement of public funds surfaced after the arrest of a retired police constable Muhammad Yousuf Khanzada and his son, police constable Arif Yousuf, from Hyderabad on February 26.

Sheikh Mushtaq, ex government officer, was wanted to NAB in mega corruption charges as after his arrest the of prize bonds of Rs 17 million, 37 thousands Saudi Riyal, three kilograms of gold and nine expensive new brand vehicles recovered from his possession.

Following the investigation it was also revealed that accused has the ownership of  45-acre farm house and two hundred acres agricultural land in Hala.

He also has three-story building and two luxury homes in Qasimabad, Hyderabad. Cheque books of various banks were also recovered.

The bungalow , farm house and marriage hall of the accused were searched during the raid.

“The preliminary interrogation has revealed that while the accused person misused his authority by fraudulently preparing bogus bills in favour of fake beneficiaries under the heads of pensions, government provident funds, salaries and allowances.

He got them processed and cleared through various bank accounts opened in connivance with various bankers,” NAB told.

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