NAB reveals Rs18BN scam in FHSK for martyrs

NAB unearthed the scam of Rs18BN in Fazaia Housing Scheme Karachi

NAB reveals Rs18BN scam in FHSK for martyrs

NAB informed an accountability court of Karachi, about a colossal fraud in Fazaia Housing Scheme Karachi (FHSK) by two builders. There is also an involvement of the Pakistan Air Force (PAF) officials, tricking individuals of billions of rupees.

The National Accountability Bureau (NAB) arrested Tanveer Ahmed and Bilal Tanveer who are related to Maxim Properties. Both have allegedly denied the general population of Rs18 billion through investments in the Fazaia Housing Scheme.

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During the court session, the investigating officer informed about how the land was obtained for the sake of ‘shuhada’ and war legends.  But barely any units have been distributed to the families of Shuhada.

Pakistan Air Force Authorities have purchased the units and made millions. According to the records, there are 8,400 arranged houses, and just 30 houses are allotted to the families of shuhada. It means both the suspects collected the amount from 5,732 Martyrs.

As per the NAB, the detained builders, in conspiracy with the PAF authorities, gathered Rs18.2bn. The builders earned through structure charges, registration, open testament, standard and extravagance accommodation, additional charge, transfer fees, abroad apartments, overseas exchange expenses, homes, the extra cost, move, and procedures charge for the cottages and direct deposits.

NAB produces physical remand of suspects in the court. The officer seeks extension of their physical custody for further interrogation and investigation and comes up with a report.

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