Tag Archives: National Accountability Bureau

Voluntary return of illegal money to include capital gain, bank profit rate under NAB Ordinance

National-Accountability-Bureau

ISLAMABAD: A person intended to avail voluntary return the illegal gain made during holding public office, is required to return along with capital gain and profit at the bank rate from the date of its illegal receipt.

NAB defends plea bargain law; says it exists in many countries

National-Accountability-Bureau

ISLAMABAD: Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry on Wednesday defended the law of plea bargain and stated that this law exists not only in the laws of many countries but in Pakistan too.

NAB exposes Rs72 million scam over fake investments in Gawadar

National-Accountability-Bureau

KARACHI: The National Accountability Bureau exposed scam of Rs 72 million in Rawalpindi where accusers illegally collected money from general public for investments and allotments of shops in fake shopping mall project which was never materialized in Gawadar, statement released on Monday.

NAB criticized for keeping alive case against Ishaq Dar on anonymous complaint

National-Accountability-Bureau

ISLAMABAD: National Accountability Bureau (NAB) has been strongly criticized for keeping alive a case against Senator Mohammad Ishaq Dar for 15 years on an anonymous complaint.

Eight pharmaceutical companies cause Rs1.08 billion loss to general public

National-Accountability-Bureau

ISLAMABAD: National Accountability Bureau (NAB) has discovered that eight pharmaceutical companies in connivance with high officials of drug pricing committee incurred Rs1.08 billion losses to general public.

NAB collects four years sales record of Pak Steel

National-Accountability-Bureau

KARACHI: National Accountability Bureau (NAB) Sindh has expanded its investigation into alleged corruption cases in Pakistan Steel Mills (PSM) and asked the authorities to provide past four years sales and purchase record.

NAB arrests three accused in DHA, Elysium Holdings case

National-Accountability-Bureau

ISLAMABAD: National Accountability Bureau (NAB) Rawalpindi has arrested three main accused namely Brig (R) Javed Iqbal, Ex-Administrator of DHA and Col (R) Sabahat Qadeer Butt, Ex-Director Project of DHA for misusing their authority and violating the contract by selling allotment certificates of DHA Islamabad illegally and in violation of agreement between DHA and M/s Elysium Holdings Pakistan Ltd, said a press release on Thursday.

NAB launches inquiry against FBR officials in minimum tax scam

National-Accountability-Bureau

KARACHI: The National Accountability Bureau (NAB) has launched inquiry against officials of Federal Board of Revenue (FBR) regarding minimum tax in issuance and subsequent withdrawal of notifications, sources said on Monday.

NAB arrests seven customs officers for misuse of authority, causing losses to national exchequer

National-Accountability-Bureau

KARACHI: National Accountability Bureau (NAB) has arrested seven customs officials involved in running a parallel business of importing raw material by establishing a company and availing duty and tax concessions

Customs mega fraud of Rs2.6bn on betel leaf misdeclaration among top NAB’s Financial Scams

National-Accountability-Bureau

KARACHI: The National Accountability Bureau (NAB) has issued list of mega scams in the financial system. The mega scam of Rs2.6 billion fraud on the misdeclaration of betel leaf at Lahore customs collectorate is among those mega scams.