Islamabad, January 30, 2015 (PPI-OT): On the directions of Chairman NAB, Mr. Qamar Zaman Chaudhry, National Accountability Bureau (NAB) Rawalpindi/Islamabad Regional Bureau distributed Rs.34.26 Million among 215 affectees of M/s UNAICO Pak Pvt Ltd at a ceremony held at NAB Regional Bureau. Deputy Chairman NAB, Rear Admiral (R) Saeed Ahmed Sargana handed over the cheques to the affectees.
Addressing the ceremony, Deputy Chairman Rear Admiral (R) Saeed Ahmed Sargana appreciated the efforts of NAB Rawalpindi/Islamabad for actively pursuing the corruption cases and making recoveries of the embezzled amounts. He said NAB is making all out efforts to recover the looted money from the swindlers.
However, this practice to invest in the unauthorized schemes in greed of more interest and returns on investments must be ended and discouraged. He urged the people to invest only in the government approved banking system and investment companies. He said that NAB is proactively pursuing corruption cases to clear the backlog and taking concrete measures to discourage and eradicate corruption from society.
Addressing at the event, Director General NAB Rawalpindi/Islamabad asked the people to be more vigilant and check credentials of such investment companies before handing them over their hard earned money. He said NAB Rawalpindi Bureau is handling different cases in which huge amount has been embezzled by white collar criminals.
He appreciated the efforts of staff of NAB Rawalpindi/Islamabad Regional Bureau in recovery from the culprits and delivering the looted financial assets to the rightful owners. He said investigating and procuring the amounts lost to corruption has always been NAB’s prime responsibility and honour.
He said M/s UNAICO Pak Pvt Ltd was involved in cheating public at large through operating an illegal ‘Multi-Level Marketing’ business by alluring people to pay them large membership fees which entitled them to earning commission on the membership fees of any and all new members that they can allure into getting to join as members of the company; and against this membership fee the member gets nothing else. The matter was reported to NAB by a complainant, and an inquiry into the matter was authorized.
He said on the directions of Chairman NAB, Mr. Qamar Zaman Chaudhry NAB team seized the company’s bank accounts, closed the company’s office and seized all its assets. In order to return this recovered amount to the complainants/affectees of the company, a complaint verification committee was constituted to verify and ascertain the bonafide of the affectees’ claims prior to disbursement of the amount to these claimants.
The first phase of disbursements started with the disbursement ceremony held at NAB (R) on 03.12.2014, and included payments worth 23.28 million to 138 claimants. Today in 2nd phase, NAB distributed cheques amounting to Rs. 34.16 million among 215 affectees.
He said under the dynamic leadership of Chairman NAB, Mr. Qamar Zaman Chaudhry NAB is committed to eliminate corruption and corrupt practices through good governance from the country who has directed all the concerned Divisions/Wings of NAB that all the complaints, Inquiries and Investigations must be conducted transparently in accordance with law and merit.
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