Kohistan corruption scandal: NAB arrests Muhammad Ayaz
NAB arrested Muhammad Ayaz in the Kohistan corruption scandal, said Rs111.1 million was recovered from his bank account, and secured a seven-day physical remand in Peshawar.
NAB arrested Muhammad Ayaz in the Kohistan mega corruption case and produced him before an accountability court in Peshawar on 30 October.
The court granted seven days’ physical remand after NAB had sought 14 days for further investigation.
A NAB prosecutor told the court Rs111.1 million linked to the scandal was recovered from Ayaz’s bank account.
Ayaz’s brother Muhammad Riaz, a National Bank cashier already in jail over the alleged Rs10 billion Kohistan embezzlement, is accused of transferring funds to him.
NAB says Ayaz set up a fake construction firm for development projects where no work was done at the sites.