National Accountability Bureau Recovers Assets Valued 1.3 billion from Mushtaq Raisani


The National Accountability Bureau (NAB) on Wednesday recuperated assets worth Rs1.3 billion from former secretary finance Balochistan, Mushtaq Raisani. News sources.

In May 2016, NAB authorities raided Raisani’s office and formally put him under arrest. They likewise raided his house and seized Rs730 million in real money and jewels worth about Rs40 million. Investigations revealed further that secretary finance likewise had range unlawful properties in Karachi’s Defense Housing Authority.

Raisani was arrested on May 6, 2016, after three days on May 9, NAB another government functionary Sohail Majeed under charges of facilitating Raisani. As indicated by data from sources, those assets were made through corrupt practices by Raisani.

The NAB chairman handed over the documents and keys recovered from Raisani to the Quetta interim Chief Minister Alauddin Marri during a ceremony held at the bureau’s provincial headquarters.

During the ceremony, Justice (retd) Iqbal said that assets worth Rs650 million were recovered during a raid from Raisani’s home. The assets included foreign money, prize bonds, and jewelry among other recoveries.

In 2017, the team, including Balochistan Finance Department Additional Secretary Ashaq Jamali, along with the Sindh government as well as Karachi DHA officials started working on transferring the registries of illegal properties to the Balochistan government. These endeavors of the NAB Balochistan investigators proved to be fruitful as the illicit properties were seized and handed over to the Balochistan government.


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