Federal Investigation Agency (FIA), Khyber Pakhtunkhwa Zone, Peshawar has arrested Mohammad Amjad son of Mohammad Zaman, an official of the Pakistan Forest Institute (PFI), Peshawar for embezzling an amount of Rs 91 million in the Development Project titled ‘Establishment of Recreational Park for Improvement of Local Environment at Ghorghushti’ District Attock.
The project had concluded in 2009 and the accused managed the accounts of the project during the period from 2006-09 and even after the completion of the project, the accused retained the official cheque books and dispatched bogus letters to the State Bank sanctioning release of funds for the mentioned project. The accused managed to withdraw huge sum of money from the State Bank on bogus cheques in the name of the said project.
FIA initiated an enquiry into the issue and verified the withdrawal of Rs 4,978,200. During the enquiry it was revealed that a total of Rs 91,077,200 had been fraudulently withdrawn by the accused during the period after conclusion of the project. The stamps, cheque books and other material used in the fraud has been recovered, besides a cash of Rs 2.3 million, foreign currencies of various countries, a latest model Toyota Camry car, a Toyota Prado Jeep, ipad, expensive mobile phone, etc.
The accused owns several houses and plots in various cities of the country, and has got several bank accounts and lockers in various banks, which have been frozen. Investigation is underway and the involvement of accomplices cannot be ruled out.
