The government has sought the help of Canadian authorities to extradite Younas Kudwavi, one of prime accused in the National Accountability Bureau’s fake accounts case, according to a media report.
According to the report, Kudwavi is a Canadian national therefore NAB has approached Canadian authorities for his extradition.
Quoting a NAB official, the report stated that Kudwavi employed more than a dozen “cash boys” who had a close nexus with “Zardari System” to deposit an estimated Rs3 billion into fake accounts case.
The official further said, “Fourteen cash carriers [boys] have either deposited or withdrawn billions of rupees into fake accounts which were later shifted to Dubai. Among those are Muhammad Umair, an absconder presently working with KAM Crown LLC UAE, who deposited/withdrew Rs669 million into fake accounts, Jagdesh who deposited/withdrew Rs326 million, Tariq Sultan who deposited/withdrew Rs288 million, Sajid Hussain who deposited/withdrew Rs242 million, Mushtaq Mehar who deposited/withdrew Rs240 million, Asad Ali who deposited/withdrew Rs216 million.”
“Syed Irfan Rizvi who deposited/withdrew Rs166 million, Adnan Javed who deposited/withdrew Rs168 million, Muhammad Naeem who deposited/withdrew Rs133 million, Hasan Brohi who deposited/withdrew Rs96 million, Shabbir Wazeer who deposited/withdrew Rs73 million, Iqbal Arain who deposited/withdrew Rs83 million, Arif Khan who deposited/withdrew Rs66 million, Qasim Ali who deposited/withdrew Rs8 million, Umar Hayat who deposited/withdrew Rs50 million, Muhammad Ashraf who deposited/withdrew Rs41 million, Muhammad Farhan who deposited/withdrew Rs42 million, Gulzar Ahmed who deposited/withdrew Rs40 million and Muhammad Irfan who deposited Rs13 million into fake accounts,” revealed the official, according to the report.
According to the report, funds worth Rs6.1 billion were channelised through fake accounts, originated from Bahria Town (Rs3 billion) and included contribution from amounts given to Omni Group of Companies for revival of sick industrial units, loans given to M/s Rubicon Developers Ltd, a company owned by Younas Kudwavi with kickbacks received in fake accounts from various government contractors.
Kudwavi, an important business partner of former president Asif Ali Zardari, allegedly helped him to obtain loans worth Rs1 billion from Sindh Bank for M/s Rubicon Builders Ltd in 2014, the report claimed. However, these funds were diverted from the stated purpose and routed through various fake accounts through multiple split transactions, it said.