NAB recovers Rs 330 million from a former excise officer’s house

National Accountability Bureau (NAB) on Thursday, recovered Rs 330 million from an ex-excise officer’s house in Lahore.

According to details, NAB team recovered cash and prize bonds worth up to Rs 330 million during the raid at Khwaja Wasim’s house.

The accused was a grade-16 officer at the Excise Department and accumulated such wealth during his service as an income tax officer.

The development comes after it was revealed that the accused possessed assets worth up to Rs 220 million.

NAB sources say that the accused transferred more Rs220 million between 2013 to 2017 to his foreign accounts, and failed to provide satisfactory explanation and answers when inquired about the matters pertaining to unexplained wealth.

The anti-graft watchdog has also accused Khwaja Wasim of illegally benefitting from the amnesty scheme introduced by the government in 2018.

Furthermore, it has been revealed that the suspect’s wife possesses cash and prize bonds worth up to a total of RS 190 million.

The suspect was presented before an accountability court on Thursday (today) and has been taken into custody by NAB officials.