NAB's success rate in investigating white collar crimes is 69pc: Chairman.

 
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Byline: NOKHAIZ SAHI

ISLAMABAD -- Chairman National Accountability Bureau on Thursday chaired a meeting to review overall performance of the Bureau at NAB headquarter and said that the Bureau had recovered Rs.466.069 billion from corrupt elements since its inception and deposited in national exchequer.

He said that NAB's prime focus was on corruption and corrupt practices including money laundering, cases of defrauding the public at large, bank frauds, willful bank loan defaults, misuse of authority and embezzlement of state funds. He said that the overall complaints in 2019 were 53,643 of which 42,760 were processed, whereas complaints in 2018 were 48.591 of which 41,414 were processed. Increase in the number of complaints also reflects enhanced public trust in the NAB. NAB during 2019, processed 1,308 complaint verifications, 1,686 inquiries, 609 investigations and recovered Rs 141.542 billion from corrupt elements in 2019 . The NAB's accumulative success ratio is about 68.8 percent which is a remarkable achievement in investigation of white collar crimes in the world.

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He said that NAB had introduced a new concept of Combine Investigation Team (CIT) in order to benefit from the experience and collective wisdom of senior supervisory officers, a system of CIT comprising of Director, Additional Director, Investigation...

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