NAB Uncovers Huge Fraud in KP Gold Block Auctions

NAB exposes trillions lost in KP placer gold mining deals

PESHAWAR The National Accountability Bureau (NAB), expressing strong reservations over the minimum price fixed for auction of gold blocks along the Indus and Kabul rivers, has stated the province is suffering losses worth trillions. It has also exposed irregularities during gold exploration operations. According to official documents of provincial government, NAB maintains leaseholders are openly engaging in subletting and charging Rs500,000 to …

NAB uncovers huge fraud in KP gold block auctions

The National Accountability Bureau (NAB) has raised strong objections over the auction of placer gold blocks in Khyber Pakhtunkhwa. The Bureau says the province is losing trillions because of irregularities and weak pricing policies. According to official documents, leaseholders are subletting contracts. They charge Rs500,000 to Rs700,000 per excavator every week. Their earnings reach between Rs750 million and Rs1 billion weekly. The government,…

NAB Exposes Corruption in KP Gold Blocks Auction, Trillions Lost – Pashto News and Current Affairs Channel

The gold blocks auction in Khyber Pakhtunkhwa has sparked major controversy after the National Accountability Bureau (NAB) raised strong objections. NAB has warned that the flawed process has caused losses of trillions to the province and exposed widespread corruption during gold exploration along the Indus and Kabul rivers. According to official provincial documents, NAB claims leaseholders are openly subletting contracts and charging between R…

NAB exposes trillions lost in KP placer gold mining deals - Daily news Update

Nowshera’s district administration launch crackdown against illegal gold mining along the banks of the Indus River in Jabi area in Nizampur on Oct 5, 2024. — Facebook/DCNowshera NBA concerned over minimum price fixed for gold blocks’ auction. Leaseholders openly engaging in subletting: NAB. KP govt auctioned placer gold blocks at high prices: Gandapur. The National Accountability Bureau (NAB), expressing strong reservations over the minimum pri…