Land scam, loan and utility payment default victims given dues. PHOTO: FILE
ISLAMABAD:
The National Accountability Bureau (NAB) Rawalpindi on Thursday distributed cheques worth Rs139 million among 63 affected parties.
The cheques were distributed among land-scam affected persons, Islamabad Electric Supply Company (IESCO), Capital Development Authority (CDA) and others in a ceremony held at NAB Regional Headquarters.
Addressing the ceremony, NAB Deputy Chairman Rear Admiral (retd) Saeed Ahmed Sargana said the bureau is making all-out efforts to recover the looted money. “Investing in unauthorised schemes promising great returns must be discouraged,” he added.
He said that the bureau is pro-actively pursuing corruption cases to clear the backlog and taking concrete measures to discourage and eradicate corruption.
In the case of National Fertilizers Marketing Company, NAB recovered Rs104.582 million and in the first phase, Rs78.4 million has been paid to the affected.
In the case of Capital Builders, the accused, Capital Builders Chief Executive Chaudhry Tassaduq Pervez and others launched a housing scheme called New Islamabad Garden in Sector C-17.
The management of Capital Builders booked more than 3,000 plots in the year 2005 without having obtained a no-objection certificate from the CDA. The company owned only 305 kanals at the time the plots were booked. NAB investigated the scam after receiving complaints from citizens.
In the case of BNP, the company obtained a Rs1.38 billion business loan from Bank of Punjab (BoP) in July 2007, which it wilfully defaulted on. An amount of Rs1.628 billion was determined as the liability of BNP, which they have begun paying back. NAB handed over a cheque for Rs29.1 million to BoP.
In another case, the CDA leased out a plot to Manawa Construction Company in Sector F-10 in 1992. The company later defaulted. NAB determined Rs24 million as the liability of the accused company, which has been fully recovered.
In the case of IESCO, NAB recovered Rs1.08 million from electricity defaulters and turned over the amount to the distribution company.
Published in The Express Tribune, May 16th, 2014.
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