LAHORE: National Accountability Bureau (NAB) on Tuesday arrested two government officials over embezzlement of Rs 160 Million in Lahore Development Authority (LDA) Commercialisation Case.
According to the details, the accused Usman Latif is employed in Finance Directorate General, whereas, accused Mehmood Miraj is an employee of Revenue Department.
Furthermore, both accused persons in connivance with each other made bogus cash receipts without depositing the hefty amounts in government exchequer which was received in the wake of commercialisation of properties.
Both accused managed to manipulate Rs 160 Million (approx) by such practices, wherein, LDA on suspicion of mega embezzlement in records referred “LDA Commercialization Case” to NAB Lahore for investigations in March 2017.
NAB Lahore has acquired physical remand of both accused till 21 July, 2017 after producing them before Learned Accountability Court. Further revelations regarding siphoned off amount are on the cards.
