The accused, Qaiser Iqbal, and his wife were apprehended soon after they had been released from the Abbottabad Medical Complex on October 18, 2025, NAB officials stated. The couple is suspected of misusing over Rs40 billion in public money using fake records and fake transactions.

The giant scam, one of Pakistan s largest financial scandals, allegedly involved illegal withdrawal of more than Rs40bn from the government treasury under the Head of Account G-10113. Investigations showed that officials and officers of the Communication and Works (C&W) Department, District Accounts Office, Accountant General s Office, and National Bank of Pakistan conspired with private contractors in Upper Kohistan to divert funds intended for development schemes.

NAB found the mastermind of the scheme to be Qaiser, a retired clerk who was a head clerk in the C&W Department. He supposedly created counterfeit bills, forged schedules, and cleared forged cheques to allow the embezzlement.

During raids at his home, NAB seized gold, luxury cars, foreign exchange, title documents of expensive properties, and original treasury records, revealing the extent of the scam.

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Sources revealed that billions were routed into the accounts of Qaiser s wife and a contractor, Mumtaz, with some top officials suspected of gaining from the scam. The Peshawar accountability court has given NAB a seven-day physical remand of Qaiser and four days of his wife.

Officials indicated that there are more high-profile arrests lined up as investigators follow the trail of money and assets of the multi-billion-rupee corruption web.