Accused misappropriated compensation amount: NAB tells SHC

KARACHI: National Accountability Bureau (NAB) on Monday informed the Sindh High Court (SHC) that accused Faheem Ahmed Zia had misappropriated compensation amount tagged for the affectees of Lyari Expressway (LEW).

The NAB filed its report in the SHC bench headed by Justice Naimatullah Phulpoto stating that Zia has fraudulently transacted compensation amount, issued for the affectees of Lyari Expressway, to his personal account.

NAB’s report went on to say that 49 crossed cheques, issued to Lyari Expressway’s affectees, of Rs 50,000 each, had been found to be credited in banks accounts of three persons including Zia. NAB said that Zia was not entitled to give any discount, as he has caused a huge loss to the national exchequer and his petition should be dismissed.

According to the accused Zia, NAB had filed a reference against him but he has nothing to do with any corruption or embezzlement.

The accused is currently on bail as he was awarded a pre-arrest bail by SHC on 9th November. The SHC had granted him a pre-arrest bail the surety bonds of Rs 700,000 and had suspended operation of his non bail-able warrant issued by an accountability court. While granting the bail the court directed Zia to cooperate with the investigation authorities and appear before the trial the court.