Eden Life Housing Scheme a total fraud: SC informed
The apex court was further informed that complaints have been forwarded by the General Headquarters
Supreme Court. PHOTO: EXPRESS/FILE
ISLAMABAD:
The Supreme Court of Pakistan was informed on Wednesday that the housing project launched under the name of ‘Eden Life Housing Scheme’ was a total fraud.
“The Eden Life Housing Scheme has no land to sell, but it is running advertisements on print and electronic media, while its victims are being defrauded of millions of rupees,” senior journalist Asad Kharal said in a petition.
The chief executive of this housing scheme, Hammad Arshad, has taken a loan of Rs800 million from Faisal Bank against this land and already sold 1,248 kanals to DHA, he said.
A three-member bench of apex court headed by Chief Justice Jawad S Khawaja was hearing the petition.
The petitioner further informed the apex court that this housing scheme, launched at four villages of federal capital namely Arra, Kirpa, Thanda Pani and Jhangi Syedian, was marred with controversies and people would suffer if it was not stopped.
The petitioner said that Hammad Arshad had earlier committed fraud of over Rs13 billion in DHA City, Lahore.
He added that Eden Life is exhibiting the NOC 2005 of CDA in its advertisements issued for Al-Hamra Avenue, whereas 1,284 kannals of this project has already been sold to DHA in 2014 bearing mutation number 1616.
The apex court was further informed that complaints have been forwarded by the General Headquarters to the chairman of NAB in two cases, including the farmhouses scam. NAB has issued summons to Hammad Arshad, Major (retd) Kamran Kiyani and Amjad Pervez during the investigation.
The Supreme Court bench on hearing the plea asked the petitioner to approach the appropriate forum.
Published in The Express Tribune, September 3rd, 2015.
The Supreme Court of Pakistan was informed on Wednesday that the housing project launched under the name of ‘Eden Life Housing Scheme’ was a total fraud.
“The Eden Life Housing Scheme has no land to sell, but it is running advertisements on print and electronic media, while its victims are being defrauded of millions of rupees,” senior journalist Asad Kharal said in a petition.
The chief executive of this housing scheme, Hammad Arshad, has taken a loan of Rs800 million from Faisal Bank against this land and already sold 1,248 kanals to DHA, he said.
A three-member bench of apex court headed by Chief Justice Jawad S Khawaja was hearing the petition.
The petitioner further informed the apex court that this housing scheme, launched at four villages of federal capital namely Arra, Kirpa, Thanda Pani and Jhangi Syedian, was marred with controversies and people would suffer if it was not stopped.
The petitioner said that Hammad Arshad had earlier committed fraud of over Rs13 billion in DHA City, Lahore.
He added that Eden Life is exhibiting the NOC 2005 of CDA in its advertisements issued for Al-Hamra Avenue, whereas 1,284 kannals of this project has already been sold to DHA in 2014 bearing mutation number 1616.
The apex court was further informed that complaints have been forwarded by the General Headquarters to the chairman of NAB in two cases, including the farmhouses scam. NAB has issued summons to Hammad Arshad, Major (retd) Kamran Kiyani and Amjad Pervez during the investigation.
The Supreme Court bench on hearing the plea asked the petitioner to approach the appropriate forum.
Published in The Express Tribune, September 3rd, 2015.