ISLAMABAD:The National Accountability Bureau (NAB) said on Thursday it has recovered nearly Rs3.3 billion worth of cash and properties from the plea bargain deal the bureau struck with Mushtaq Ahmed Raisani, the then finance secretary of Balochistan, and Sohail Majeed Shah, contractor and frontman of ex-adviser to Chief Minister Balochistan, as part of their corruption scandal.
At a press conference, Director General (DG) operations NAB Zahir Shah said the bureau will transfer the amount to its rightful owners after the plea bargain is materialised.
“NAB will not keep a penny from this… nor does it ever [keep the recovered amount],” he said.
He said any amount recovered by NAB is handed over to provincial governments via their chief secretaries.
Recovery from Raisani, SohailGiving a breakdown of the cash and properties seized by NAB as part of the plea bargain deal, Shah said Raisani had surrendered Rs653 million in cash and 3.3 kilogram of gold worth Rs13.5m to NAB. This cash and gold had been recovered during a NAB raid at his residence in May.
Raisani has also given up two properties, the first one, worth Rs60m is in Quetta and the other is located in Karachi’s DHA worth Rs70m.
“These are in addition to the 11 properties already seized by NAB” from Raisani and Majeed, Shah said. All 11 of these properties are in DHA and are valued at a purchase price of Rs1.25bn. They include two commercial plazas, three houses of minimum 500 sq yards each and six “very valuable” residential plots.
“NAB expects that the 11 properties will sell for between Rs1.5bn to 2bn.”
Raisani has also surrendered two luxury cars including a Mercedes Benz and a Toyota Grande both of which are worth nearly Rs8m, Shah said.
Hence, the total assets surrendered by Raisani are worth Rs800m while his 11 properties are worth Rs1.25bn.
