NAB recovers Rs1b in Eden housing scam

Prime suspect died leaving 11,800 victims’ money in doldrums

Our Correspondent September 16, 2021


In an encouraging development, the National Accountability Bureau (NAB) Lahore has made a recovery of Rs1 billion in the Eden Housing projects Scam.

A few days back, the prime suspect in the case, the owner of the society, Dr Amjad had passed away leaving over 11,800 victims’ money in the doldrums. A large number of them turned up at his funeral to stage a protest and demand their money.

The NAB reportedly managed to get a recovery of Rs1 billion from Eden management.

The anti-graft body had frozen the assets of the society.

Read NAB in hot water over failure to finalise rules

Dr Amjad and other prime suspects in the case had fled abroad. They sometime ago had returned. A court had ensured bail to Dr Amjad.

The meetings with the prime suspect and NAB were going on for the recovery of the public money. However, he passed away.

The NAB had filed a reference of Rs25 billion before the court. The Eden administration, however, had offered a plea bargain of Rs15 billion that was turned down by the NAB.

Published in The Express Tribune, September 16th, 2021.


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