NAB arrests SHYDO official

Islamabad—The National Accountability Bureau (NAB) arrested an official of the Sarhad Hydel Development Organization (SHYDO) on the charges of embezzling over six million rupees. The accused Abidullah was responsible for handling cash & bills in SHYDO.A case of corruption was registered against the accused in 2003 and later on, the Anti Corruption Establishment sent the case to NAB. As per investigation carried out by NAB, SHYDO used to maintain an account in The Bank of Khyber to pay bills of various departments. SHYDO issued crossed cheques and handed over the same to Abidullah who was supposed to deliver it to the concerned department with a proper covering letter and get acknowledgement receipt. In order to embezzle the money, the accused adopted a novel way of erasing and tampering with the name of the payee and change the words by writing “Self”. He tampered with more than 120 cheques and embezzled an amount of over six million rupees. NAB produced the accused before.—Agencies