Kohat: KDA financial scam record sealed
KOHAT: The inquiry officer has sealed all record related to the Rs73.18 million financial scam detected in Kohat Development Authority (KDA) during financial period 2003-2007, Dawn has learnt reliably.
A team from National Accountability Bureau (NAB) had also started investigations into the massive bungling and was gathering information about the property and cash accumulated by the accused officers during that period.
The embezzlement and serious financial irregularities were unearthed following audit by an independent company and district complaint cell which revealed that the accounts officer Javed Shah with the connivance of different project directors fraudulently cashed huge amounts of payments.
The district coordination officer, Kohat, Kamran Zeb who is also the chief executive KDA nominated assistant coordination officer as the inquiry officer who summoned the accounts officer and the former manager of bankrupt Natover Leasing Company to explain their position.
On Saturday the inquiry officer sent a team along with the police to seal all the record in the KDA offices after receiving reports that the accused were engaged in unlawful correspondence with various financial institutions in attempt to hide their corruption.
The complete article can be found at Dawn News.