The National Accountability Bureau on Friday arrested Mushtaq Ahmed Shaikh, former additional district account officer Hyderabad, for embezzling millions of state funds, said a statement released by the bureau.

The arrest was made on information provided by a former police constable and his son who were arrested earlier by NAB for stealing billions of tax payers’ money.

A search operation was conducted by the accountability bureau at Shaikh’s residences, farmhouse and places of illegal business, added the statement released by NAB.

“Several properties worth over Rs 1 billion were found to be in possession of the accused person that have been acquired and accumulated from proceeds of offences of corruption and embezzlement of government funds,” said NAB.

The properties were owned in names of his relatives, his name and anonymously.

Recoveries made by NAB

• Rs17.3 million in cash including prize bonds
• 37,016 Saudi Riyals
• Approximately 3 kilogrammes of gold
• Ownership documents of nine vehicles
• Recovered vehicles include a Toyota Land Cruiser Prado, Toyota Corolla and Honda Civic
• Documents of two bungalows in DHA Karachi
• Documents of two plots in DHA Karachi

• Documents of two plots in Bahria Karachi
• Two houses in Hala, district Hyderabad
• Farmhouse on 45 acres and millions in livestock
• 200 acres of agriculture land in Hala, district Hyderabad
• Three houses in Qasimabad area of Hyderabad
• Two apartments in Hyderabad
• Saving certificates worth Rs100,000
• Documents of investment in Emaar Karachi
• At least 31 cheque books of various accounts
• Hundreds of treasury bills

Shaikh is also facing trial in a separate NAB reference filed in December 2016. The case pertains to embezzlement of government funds due to misuse of authority, further added the NAB statement.

Initial investigations by NAB have revealed that the accused, while in service, misused his authority by preparing fake bills in favour of bogus beneficiaries.

"The interrogation has also revealed that the accused, even after his retirement, has been operating privately as facilitator in consideration of kickbacks and commissions; and has continued with his corrupt practice."