Assets worth an estimated Rs25 billion have been recovered and frozen as part of the investigation, with the National Accountability Bureau (NAB) converting its inquiry into a formal investigation in the Rs40 billion Kohistan corruption case, The News reported.
Among the seized assets is a luxury bungalow featured in a popular drama serial, as well as 77 high-end vehicles valued at Rs940 million. The vehicles include Porsche Taycan, Toyota Land Cruiser, Lexus, Fortuner, Hilux Revo, Mark X, BMW, Mercedes, Ford Mustang, and Audi models.
NAB has also confiscated over Rs1 billion in cash and foreign currency, along with more than 3 kilograms of gold. Authorities have frozen Rs5 billion across 73 bank accounts and seized a wide range of immovable assets.
The 109 properties recovered during the investigation include 4 farmhouses, 12 commercial plazas, 2 commercial plots, 30 houses, 12 shops and food courts, 25 flats and penthouses, and 175 kanals of agricultural land. These are spread across Islamabad, Rawalpindi, Peshawar, Abbottabad, and Mansehra, with an estimated combined value of Rs17 billion.
According to NAB officials, key arrests are expected within 24 to 48 hours, with preparations already in progress.
Initial findings indicate that the fraud was executed through coordinated efforts involving government officials, contractors, and banking personnel. The alleged perpetrators diverted large sums from public funds without triggering alarms from any financial regulatory bodies.
NAB says the investigation is ongoing and further developments, including arrests, will follow shortly.
