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NAB recovers Rs 2.12 billion through plea bargain

04:46 PM | 30 Jul, 2019
NAB recovers Rs 2.12 billion through plea bargain
ISLAMABAD – National Accountability Bureau (NAB) Rawalpindi has recovered Rs 2.12 billion through Plea Bargain (PB) from the accused Asif Mahmood, Arif Ali Directors Technomen Kinetics (Pvt) Ltd involved in collusive bidding, exorbitant rates, corruption and corrupt practices in power generation projects of Sindh.

According to NAB spokesman, a plea bargain has been approved in case of Investigation Against Holder of Public Office, Legal Person and Others Involved in Fake Bank Accounts Scam Regarding Extending Illegal favours to M/S Technomen Kinetic (Pvt) Ltd, and others in the projects of Sindh Nooriabad Power Company and Sindh Transmission and Dispatch Company (STDC) and Misappropriation of Funds.

As per details, Accused Asif Mahmood S/o Syed Irfan Ali and Accused Arif Ali, Directors � Technomen Kinetics (Pvt) Ltd, Sindh Nooriabad Power Company (Pvt) Ltd, Sindh Nooriabad Power Company (Pvt) Ltd Phase-II in connivance with Government officials and others were proved to be involved in collusive bidding, exorbitant rates, Corruption and Corrupt practices in power generation projects of Sindh.

During the investigation, both accused submitted a plea bargain application of Rs. 2.12 Billion to NAB authorities, which will be submitted to Accountability Court for final approval by the Investigation team comprising Younis and Hammad Kamal.

NAB Rawalpindi has once again resolved to vigorously pursue all the corruption cases on merit and with objectivity irrespective of the status of accused in pursuance to Chairman's vision of Look at cases and not faces.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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