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Home / Business / NAB arrests two LDA officials for embezzling Rs 160m
NAB arrests two LDA officials for embezzling Rs 160m

NAB arrests two LDA officials for embezzling Rs 160m

LAHORE: The National Accountability Bureau (NAB) claimed on Tuesday to have arrested two LDA officials involved in the embezzlement of Rs 160 million.  According to NAB spokesman, accused Usman Latif, an employee of LDA Finance Directorate General and Mehmood Miraj, an employee of LDA Revenue department, had made bogus cash receipts of commercialization of properties and did not deposit amount in the national exchequer.

On suspicion, the LDA referred “LDA Commercialization Case” to NAB Lahore for investigation in March this year.  On the directives of DG NAB Lahore, an inquiry was launched against the accused officials in April 2017, in which they were found guilty. The NAB Lahore has obtained physical remands of the accused till July 21, from the Accountability Court.