NAB seizes assets of five major housing societies
PHOTO: FILE
The National Accountability Bureau Lahore (NAB) has seized the land and assets of over five main private housing societies.
The action has been initiated against several prominent private housing societies including Prime Zone, Palm Vista Housing, Al-Rehman Garden, Khayaban-e-Amin Housing Society, Lasani Chicks, Al-Jalil Garden, Al-Kabir Town and Grand Avenue Housing.
During a monthly open court session convened by NAB Lahore Director General Amjad Majeed Aulakh listened to the grievances of over 350 affected individuals.
Victims associated with the aforementioned housing societies attended the session to voice their concerns.
Prime Zone faced action, with NAB freezing both movable and immovable properties of the accused, including the seizure of 300 kanals of land.
The case is now being expedited for court indictment, with verification of claims for 1,400 victims already completed.
Similarly, actions were taken against the administrations of Al-Rehman Garden and Palm Vista Society, with all assets and land seized.
The search for additional assets is ongoing.
For Khayaban-e-Amin Housing Society, NAB has seized valuable properties of the society's owners to facilitate the completion of the society's development.
The layout plan has been approved, and the Lahore Development Authority (LDA) has been entrusted with the responsibility.
In a separate development, a reference against the owners of Lasani Chicks is currently under trial in the accountability court. Efforts are underway to issue red warrants for proclaimed offenders and bring them back from abroad.
Additionally, the DG NAB has issued instructions to the district administration regarding the affected individuals of Al-Jalil Garden, Al-Kabir Town, and Grand Avenue, ensuring immediate possession and ownership of plots upon full payment of dues.
The open court initiative by the NAB chairman has been widely praised by victims for bridging the gap between them and the accountability bureau.
DG Aulakh emphasised the importance of these sessions in directly addressing the concerns of affected individuals and maintaining transparency in the process.
Published in The Express Tribune, April 27th, 2024.