Records from the province Department of Minerals have been seized by the National Accountability Bureau (NAB) Khyber Pakhtunkhwa as part of an inquiry into purported financial irregularities in contracts for the extraction of gold from riverbeds.
Gold is extracted from a number of places, including Nizampur, the River Indus, Swabi, Kohistan, and Kohat, according to NAB sources. Allegedly, a Nizampur gold extraction contract worth Rs6 billion was given for just Rs4 billion.
The investigation focuses on allegations that contracts were given to favored parties at discounted prices, resulting in losses for the public coffers.
Relevant records have been taken into custody, according to NAB authorities. It is anticipated that those concerned, including authorities, would be called in for interrogation after the documents have been examined.
