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RS1.59 billion in bar, gold recovered in the RS40 billion Kohistan scandal

Representative image shows a foreign currency dealer that has US dollars in a shop in Karachi on May 19, 2022. – AFP/file
  • 1.5 billion RS from 12 residences confiscated.
  • RS10 billion already frozen on 50 suspicious bank accounts.
  • Over 50 people who were asked about the problem ongoinge.

Peshawar: In a large development in the financial scandal of 40 billion rupees in Kohistan, Khyber Pakhtunkhwa, the investigators have during the raids of the residences of the most important suspects.

The extended investigation includes high -ranking government officials and contractors, since the authorities increase the efforts to uncover the full scope of corruption. The news reported.

The scandal, which appeared on April 30, has attracted attention nationwide. An examination confirmed serious financial irregularities and prompted the public account committee (PAC) to initiate formal procedures.

According to sources, 12 suspicious raids were carried out in the houses, which are involved in one of the largest financial scandals in Pakistan's history. Their names are kept confidential for the time being to avoid obstacles in the investigation and relaxation.

So far, around 50 people have been questioned and the examination is expanded to cover another 100 people. The most important revelations – including the identity of the most important figures in the center of the scandal – will probably come to the surface in the coming days.

Sources said that in the houses and offices of 12 officers, civil servants and contractors in various cities in the Hazara department, including Abbottabad, Mansehra and other raids, were carried out.

Three kilograms of gold were recovered from the houses of three people, while 50,000 US dollars were recovered by a house. Overall, the Pakistani currency worth 1.5 billion rupees from the houses of 12 suspects was reclaimed.

The value of the three kilograms of gold from three houses is estimated on more than 80 million rupees. Similarly, the Pakistani currency is the 50,000 US dollar to approx. 1.39 million rupees. Therefore, a total recovery of 1.59 billion rupees was achieved, while 10 billion rupees were previously frozen.

The C&W, the district accounts, as well as employees and officials from the government bank, include those whose houses were restored. Similarly, cash from the houses of some contractors were withdrawn.

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