Over the last four years, the National Accountability Bureau (NAB) claims to have recovered Rs. 584 billion.
In reaction to the claims made against its four-year performance, NAB published a statement. News reports claiming that the NAB had spent Rs. 18 billion were debunked by the bureau. According to the NAB, Rs. 26 billion was distributed to 177,408 people who had been harmed by housing society scams.
NAB stated that it recovered a total of Rs. 460 billion from the proprietors of a housing society, and that its efforts resulted in a £140 million recovery in London. It went on to say that a significant portion of the money was paid to governments and entities with records.
The statement revealed that required legal action is being taken against the ‘false charges,’ and highlighted that an audit was undertaken with the assistance of the Pakistani Auditor General until June 2021. The National Australia Bank (NAB) has responded appropriately to the Public Accounts Committee’s (PAC) concerns about all recoveries. All of the defendants are on trial in appellate and trial courts, with 1,405 persons already convicted.