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 Gold recovered by NAB. -DawnNews

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."