The prime accused in the Kohistan financial scandal, Qaisar Iqbal, has approached the National Accountability Bureau (NAB) to seek a plea bargain worth Rs14 billion, according to NAB sources.

NAB officials said Qaisar Iqbal was serving as a head clerk in the Communication and Works (C&W) Department and is allegedly in possession of assets worth Rs10 billion registered in his and his wife’s names. These include luxury bungalows, plazas, vehicles, gold, and other valuable properties. In addition, assets worth Rs4 billion were reportedly purchased in the name of a dumper driver to conceal ownership.

Sources further confirmed that the accused has formally submitted an application to NAB requesting a plea bargain of Rs14 billion.

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Investigations revealed that Qaisar Iqbal allegedly embezzled billions of rupees through fake billing, financial fraud, and money laundering. 

NAB stated that the accused, in collusion with C&W officials, transferred funds through benami accounts and fake firms to siphon off public money.

Earlier, NAB had arrested eight key suspects in the Rs40 billion Kohistan mega corruption scandal, including two government officials, two bankers, and four contractors, as part of its ongoing investigation into one of the largest financial fraud cases in the province.