Islamabad, June 06, 2016 (PPI-OT):NAB Rawalpindi Bureau distributed a sum of Rs.465.021 million among 166 affectees of Baba Fareed Housing Society, Parliamentarian Enclave Housing Scheme, Islamabad, Capital Builders Pvt. Ltd, RPP case Summundri Road, Faisalabad (Ref No. 12/2015), and Investigation against Imran Mohsin, Zafar Iqbal and officers/ Officials of NFC M/O Industries and others, Inquiry against Numan Aslam, Ex Branch Manager UET Taxila, Inquiry against Chief Executive Al Hamra Pvt. Ltd, M/s Eden Builders Pvt. Ltd and others at a ceremony held at NAB Rawalpindi.
Deputy Chairman NAB Mr. Imtiaz Tajwar was the Chief Guest at this occasion. He handed over cheques to the affectees and concerned government departments. Addressing at the ceremony, Deputy Chairman NAB appreciated the efforts of NAB Rawalpindi under the supervision of DG NAB Rawalpindi for recoveries of the embezzled amounts of Housing Societies. He said NAB is making all out efforts to recover the looted money from corrupt. He urged the people to invest only in the approved government schemes through banking system. He said that NAB.
Talking at the event, Director General NAB Rawalpindi Zahir shah ask the people to be vigilant and check credentials of such investment companies and Housing Societies before handing over them their hard earned money. He said that NAB officers/officials under the leadership of Chairman NAB Mr. Qamar Zaman Chaudhary are committed to perform their national duty with absolute objectivity, thorough professionalism and unimpeachable integrity and without any leanings for or against anybody.
The cases in which looted money has been returned to their rightful owners (general public affectees, government departments and national treasury) are as under:-
In case of M/s Capital Builders, accused Ch. Tassaduq Pervez Chief Executive of M/s Capital Builders Pvt. Ltd along-with others launched a housing scheme, namely “New Islamabad Garden” in Sector C-17 Islamabad. The management of M/s Capital Builders Pvt. Ltd booked more than 3000 plots in year 2005 in said housing scheme without NOC from CDA whereas the company owned only 305 Kanals at the time of booking of plots.
NAB investigated the matter on complaints received from general public. In order to avoid legal proceedings and arrest by NAB, the accused Ch. Tassaduq Pervez voluntarily came forward and submitted an application for Plea Bargain (PB) which was accepted by DG NAB (R) and subsequently approved by the Accountability Court Islamabad. The accused Ch. Tassaduq Pervez paid Rs. 208.67 million as per PB agreement against the claims of about 1145 affectees filed with NAB. NAB has already returned Rs. 162.25 million to the affectees of this scheme in Three phase. In Forth phase today Rs 22.89 million paid to 105 affectees of the scam.
In case of Al-Hamra (Pvt.) Ltd and Management of Eden Builders PVT Ltd, NAB Rawalpindi has successfully pursue the management to realize the recovery of Rs.1832.168 Million from the present management of Al-Hamra (Pvt.) Ltd, Al Hamra Avenue Pvt. Ltd through its Chief Executive and others. In this case, previous management of the said companies deceived the Shaheen Foundation and its members by inducing them to book the plots in their projects and received Rs. 1258 million (approx).
The subject accused have failed to handed over the plots rather the land was sold to other parties and deprived the members of Shaheen Foundation from their hard earned money. During the inquiry proceeding the present sponsors shown willingness in writing to return Rs. 573 million as a profit in addition to principal amount. In first phase, Rs. 366 Million have already been returned to the affectee of M/s Shaheen Foundation. In the second Phase Rs. 50 Million have been returned to the affectee of M/s Shaheen Foundation.
In case of Numan Aslam, Ex Branch Manager UET Taxila, a loss of Rs14.75 Millions caused through misuse of authority and criminal breach of trust.
NAB has been arrested accused Numan Aslam on 04-08-2015. He pay off his complete liability through Voluntary Return(VR). The said recovered amount paid to the Official of HBL today.
Baba Fareed housing society case involved Rs15.407 Million which has been recovered through voluntary return and paid to 49 affectees of said housing society in ceremony held today.
In case of M/S Techno-E-Power (Pvt.) Ltd, Summundri Road, Faisalabad a loss of Rs. 2.054 Billion was caused of which an amount of Rs. 1.780 Billion have been recovered so far. Today, Rs. 340.8 Million are paid to the NPGCL whereas Rs. 1.469 Billions have already been paid to NPGCL.
In case of Parliamentarian’ Enclave Housing Scheme, Islamabad, NAB recovered Rs. 3.92 Millions/- and paid to 9 affectees of said housing society today.
In case of NFML, NAB recovered Rs 104.582 Million and in Third phase Rs 17.25 Million paid to NFML today. The employees and contractors of NFML embezzled imported urea fertilizer from companies Godowns located in Sindh, Punjab and Baluchistan.
For more information, contact:
National Accountability Bureau (NAB)
Attaturk Avenue G-5/2, Islamabad, Pakistan
Tel: +92-51-111-NAB-NAB (111-622-622)
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