NAB formulates new policy to deal with corruption, money laundering cases

ISLAMABAD (92 News) – The National Accountability Bureau (NAB) has prepared a new policy to deal with the cases of corruption, money laundering, assets beyond means and misuse of power.

The NAB prosecutor general has sent letters to all deputy prosecutor generals, saying that the bureau is authorized to deal with cases pertaining to corruption and misuse of power.

The NAB power to deal with cases regarding fraud with masses by private people has been restored. However, it has no power to deal with the cases formed on projects approved by the forums and the cabinet.

The NAB will not take action against the people violating the code of conduct.

Before investigating matters of bank loans, the NAB will have to take permission from the State Bank of Pakistan.

The NAB prosecutor general has asked deputy prosecutor generals to provide the list of cases exempted under the amended ordinance. He also sought the details of the cases that cannot be tried. He also sought ambiguous opinion about the cases to be decided by the headquarters.