Peshawar: NAB (KP) today arrested Nadeem Shad, Account Officer Peshawar Development Authority who is allegedly involved in embezzlement of over Rs. 100.00 Million in connivance with other accused including official of a Private Bank.
During the course of inquiry, it was revealed that the accused Nadeem Shad, Account Officer PDA in connivance with other accused persons manage to open a fake bank account and got transferred more than Rs. 100.00 Million from the PDA Official Account maintained with a private Bank. The same amount was then withdrawn from the fake account and was made pocket, causing huge loss to the Government Exchequer.
NAB Khyber Pakhtunkhwa is actively pursuing the investigation and role of those who are involved in this case is also expected to be unearthed. The accused person will be presented in the Accountability Court for obtaining his physical remand tomorrow.
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