Varsity official at large after investment fraud

Suspect declared proclaimed offender in eight cases


Fraudsters deprive man of Rs164,500. PHOTO: AFP

LAHORE:

A project director of the University of Engineering and Technology (UET) is at large despite being declared a proclaimed offender in several cases of defrauding his colleagues and acquaintances of millions of rupees.

According to sources, Usman Majeed is accused of defrauding a number of people of Rs500 million.

At least 27 cases have been registered against him in various police stations in Lahore and other districts. The suspect is still at large despite being declared a PO in eight cases.

The complainants accused him of luring them to invest in a construction company of his friend for heavy profit. The company was engaged in various construction projects at the university. He also handed over cheques of payment to the victims, but they bounced after the promised time period.

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The suspect then allegedly left his home and switched off his phone, one of the investors said.

Frustrated over police inaction on the issue, the complainants approached the National Accountability Bureau (NAB) Lahore with the plea that the project director of the university's Narowal Campus had committed organised financial crime with them, using his official position.

They alleged that the suspect took money fraudulently from them for investment in his friend's company Rizcon.

Published in The Express Tribune, July 2nd, 2021.

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