Rs44b land scam: Ex-EOBI chairman Zafar Gondal in hiding again

Main accused missing after his protective bail expired.

Arif Rana May 06, 2014
Former chairman of the state-owned EOBI Zafar Iqbal Gondal. PHOTO: PID


After the lapse of his one-month protective bail, Zafar Gondal – the main accused in the Rs44 billion Employees Old-Age Benefits Institution (EOBI) land scam and the body’s former chairman – has gone into hiding again, the Express Investigation Cell (EIC) has learnt.

Instead of appearing before the Multan bench of the Lahore High Court, he preferred to go into hiding, according to officials. The EOBI former chairman, who was supposed to appear before the court after his 30-day bail expired, did not show up to get the confirmation of his bail.

Soon after PPP government completed its term in 2013, Gondal had gone into hiding to avoid arrest.

But Gondal turned himself in to the FIA in March this year. However, it seems as if he has changed his mind.

Inam Ghani, the Federal investigation Agency’s (FIA) Islamabad director, confirmed to EIC that the former EOBI chairman has gone missing. FIA has conducted raids at Gondal’s residence in Islamabad and more raids will follow in his hometown of Mandi Bahauddin and possible locations, he added.

Gondal was last seen in Karachi during the third week of April and then he switched off his cell phone before dropping off the radar.

According to officials, residence of a top Pakistan Peoples Party (PPP) leader in Sukkur could be a most probable shelter for Gondal. A close relative of this PPP leader is also a co-accused in the EOBI corruption case.

The FIA had initiated investigations against him over two years ago for causing a Rs44 billion loss to the national exchequer through underhand land deals, but they hardly made any  effort to arrest him.

Gondal allegedly violated the investment rules of EOBI to buy lands in Lahore, Islamabad and Karachi at exorbitant prices. The official record, a copy made available to the EIC, suggested that the EOBI board vehemently opposed controversial land deals with select sellers and property tycoons, but that made no difference to Gondal who enjoyed the strong backing of the PPP government due to the political clout of his elder brother, Nazar Gondal, a former minister of the party.

One of the many underhand deals led by Gondal included EOBI purchasing a plaza in Islamabad from a man named Abdul Qayyum at an extremely high price without a third-party evaluation. Qayyum had later told FIA investigators that he paid a kickback to Gondal and other senior officials of EOBI.

Published in The Express Tribune, May 6th, 2014.

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Salam Khan | 7 years ago | Reply

There is some accountability in Pakistan .For Instance Mr Hamish Khan (Bank of Punjab boss under Musharraf ) is still in jail for irregularities in giving loans . He is yet to be convicted .

ishrat salim | 7 years ago | Reply

This is Pakistan...anything can happen anytime. It would be not surprising if Mr Gondal already left the country.....effortless effort will be made to bring him back like so many other accused who left the country - although many were on is not understandable why these people not put on ECL at the suspect stage ? like it happens in most countries of the world. We have found ourselves all the time at the receiving end & reasons ?

no proper plan to honestly deal with the problem political pressure no will to carry on probe on scientific method Corruption & share of loot lack of pro-activeness Lack of proper education & knowledge to probe / investigate no legislation to stop " white collar " corruption cases ( lawmaker are themselves most law-breakers & white collar thieves )

And the list is long....

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