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NAB recovers Rs.12 Million from USAID embezzlement

Posted by on Jul 16, 2012 | Comments Off on NAB recovers Rs.12 Million from USAID embezzlement

Peshawar: An inquiry into misappropriation / embezzlement in USAID Funded FATA livelihood Development Programme was initiated on the complaint of the Office of Inspector General (OIG) /USAID.

It was related to the procurement of kits consisting of food and other items meant for flood affectees of Peshawar suburbs and Khyber Agency in August, September 2008. During inquiry it was verified that Academy for Educational Development (AED) procured the said Kits from USAID funds. Huge misappropriation of funds was made in the procurements by awarding contract at exorbitant rates through bid rigging. After completion of inquiry, the procurer of AED and suppliers voluntary came forward and applied for return of illegal gain in term of Section 25(a) of NAO 1999.

NAB, Khyber Pakhtunkhwa accepted their application and the accused have returned an amount of Rs.12 Million in the form of pay orders to Chairman NAB. NAB is enquiring into number of projects of US AID under taken by various construction firms and NGOs. As the recovered money was supposed to be spent on people of KPK and will be subsequently returned to US AID under the provision of National Accountability Ordinance, NAB plans to request the donor to divert this amount to the projects meant for KPK especially in the area of education and health.

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