Deputy Commissioner embezzled Rs. 1.75 billion due to Sindh Bank’s negligence

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Deputy Commissioner embezzled Rs. 1.75 billion due to Sindh Bank's negligence
Deputy Commissioner embezzled Rs. 1.75 billion due to Sindh Bank's negligence

During the Sukkur-Hyderabad Motorway (M-6) project of the National Highway Authority (NHA), former deputy commissioner (DC) Matiari, Adnan Rashid, embezzled billions of rupees. The primary accused opened an official Sindh Bank account under the title of Deputy Commissioner Land Acquisition, reports said. The provincial Finance Department did not grant permission for the official account.

Before opening official accounts, all banks are required to obtain permission from respective finance departments under Regulation 1 (21).

An ex-NHA bureaucrat embezzled Rs. 1.75 billion from the M-6 project last week. NHA released Rs. 4.09 billion to DC Matiari for acquiring land adjacent to M-6. Amount due to landowners after acquisition.

READ MORE: Investigation of COAS family members’ tax records ordered by Ishaq Dar

Rather than pay the land owners via cross checks, DC Matiari withdrawn Rs. 1.82 billion in cash. As a result, he earned Rs. 540 million through interest on Rs. 4 billion in savings.

Landowners in New Saeedabad received cash instead of cross checks from Assistant Commissioner Mansoor Abbasi. M-6 project landowners along 70 km were entitled to receive a total of $80,000 by the NHA.

Adnan Rashid was arrested and dismissed from service after the issue was brought to light. Rashid was also physically remanded by the Special Anti-Corruption Court.

A protective bail was issued to Mansoor Abbasi after Adnan Rashid was arrested by Sindh ACE, keeping him out of jail.

The famous political family of Matiari is now being investigated by ACE Sindh, according to sources. Makhdoom Jameel Zaman, a Matiari MNA, denied involvement in the scam and demanded a transparent investigation by ACE Sindh, NAB and FIA.

READ MORE: Investigation of COAS family members’ tax records ordered by Ishaq Dar

Sindh Bank was also contacted for an official statement. However, Sindh Bank did not issue any statement.

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