ISLAMABAD: National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry on Wednesday handed over a cheque of Rs 170.625 million to Privatisation Commission of Pakistan (PCP) Secretary Sardar Ahmad Nawaz Sukhera. As per the details, PCP invested Rs 300 million on May 26, 2010 and Rs 200 million on June 28, 2010 in Trust Investment Bank Limited (TIBL) – which was not a scheduled bank. PCP handed the matter over to NAB – who initiated the inquiry proceedings to recover the loss inflicted on the public exchequer through misuse of authority by the then PCP management. During the inquiry proceedings, TIBL moved a settlement plan of Rs 270 million to NAB – which was turned down as it was not in accordance with law and procedure. The principle accused – Asif Kamal – and TIBL’s management then moved an application for ‘Voluntary Return’ for an amount of Rs 300 million. In his application, he submitted that the total invested amount with TIBL was Rs 500 million. He further submitted that the principal amount – Rs 230 million – along with Rs 60 million as profit has already been paid to PCP by TIBL and the remaining liability of Rs 270 million along with Rs 30 million as profit has been offered. NAB carried-out its proceedings and worked-out liability of accused by levying additional charges on which the accused offered ‘Voluntary Return’ of Rs 404.8 million – making the total amount recovered by NAB from TIBL to Rs 698.8 million against Rs 500 million.