RS40 billion embezzlement in KP, as NAB examined a massive financial scandal

In Khyber Pakhtunkhwa, a massive financial scandal was brought to light, with over 40 billion rupees allegedly misused by state accounts, which leads to widespread investigations and the freezing of almost 50 bank accounts, as published by a report by a report of The news.

The fraud, which extends from 2020 to 2024, has expressed serious concerns about the financial supervision of the province and involved several high -ranking government officials and political figures.

The National Accountability Bureau (NAB) made an investigation after he received credible information about financial irregularities in Upper Kohistan, with 40 billion rupees deported of only 500 million to 1.5 billion rupees despite an annual development budget.

The embezzlement occurred Security and deposit work KP 10113intended for development projects and contractor payments. The investigators have found that the funds were withdrawn from fake documents, fake invoices and inflated project costs.

A particularly amazing unveiling during the examination was the discovery of around 4.5 billion rupees on the bank accounts of a Dumper driver who had set up a fake construction company to facilitate fraud.

According to the report, NAB frozen the accounts in which almost 7 billion rupees were stored by suspicious transactions. The examination also revealed the issue of almost 1,000 fake checks of government accounts, with 50 account holders already identified.

Further studies showed that the Department of Communication and Work (C&W) in Upper Kohistan, together with private contractors and banking officials, played a role in the production of records, for the approval of fake securities and the submission of false invoices for non -existent projects. These measures have approved the general financial rules (GFR) and the Treasury rules against the district account Officer (DAO), who approved non -authorized payments.

Despite the extent of the fraud, the supervisory authorities such as the office of the general accountant and the general directorate of the audit could not recognize or prevent manipulation and raise questions about the effectiveness of the financial controls of the province.

In order to obtain evidence, records of the district account office, the C&W department and a local bank were confiscated. NAB also frozen additional accounts worth 10 billion rupees and published 30 surveys, including 14 bank officials and civil servants from DAO, C&W and other key departments. The examination of NAB for this complex case continues, with further revelations being expected.

The provincial financing consultant, Muzzammil ASLAM, expressed a shock about the embezzlement scale and confirmed that the contractors were not obliged to submit such large security contributions. He also explained that the problem did not occur during his term, but emphasized the need for a thorough investigation of the matter.