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Rs18bn scam unearthed in PAF housing society for martyrs

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Rs18bn scam unearthed in PAF housing society for martyrs
January 15, 2020

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An accountability court in Karachi was on Wednesday informed of massive fraud in Fazaia Housing Scheme Karachi (FHSK) by two builders with the connivance of the Pakistan Air Force (PAF) officials, cheating people of billions of rupees.

The National Accountability Bureau (NAB) had arrested Tanveer Ahmed and Bilal Tanveer, said to be associated with Maxim Properties, for allegedly depriving the public of Rs18 billion through investments in the FHSK.

During the hearing, NAB told the court that the land was allocated to the heirs of martyrs, but only 30 units were allocated to their families out of the 8,400 planned housing units.

According to the NAB, the detained builders, in connivance with the PAF officials, collected Rs18.2bn under the heads of form fees, registration, open certificate, standard and luxury apartments, surcharge, transfer fees, overseas apartments, overseas transfer fee, bungalows, the surcharge, transfer and proceedings fee for the bungalows and direct deposits.

NAB produced suspects in the court for a physical remand, which was extended by 14 days.

https://www.pakistantoday.com.pk/20...unearthed-in-paf-housing-society-for-martyrs/
 
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Is this for real? Not even martyrs families are free from these scumbag criminals?

What a shame
 
. . . .
Regret to say that I have zero faith in anything that NAB claims. They always start with hundreds of billions but in the end, the person is charged with a few crores only. This has happened time after time. I am certain that no charge will be framed against the accused of a long time, after a few months they would be granted bail and then probably set free.

Let us not forget the observation by the Supreme Court:

https://www.thenews.com.pk/print/595446-nab-arrest-accused-then-searches-for-evidence-sc

NAB arrests accused, then searches for evidence: Supreme Court
 
. . .
Regret to say that I have zero faith in anything that NAB claims. They always start with hundreds of billions but in the end, the person is charged with a few crores only. This has happened time after time. I am certain that no charge will be framed against the accused of a long time, after a few months they would be granted bail and then probably set free.

Let us not forget the observation by the Supreme Court:

https://www.thenews.com.pk/print/595446-nab-arrest-accused-then-searches-for-evidence-sc

NAB arrests accused, then searches for evidence: Supreme Court
That being said, on the words of Cowasjee

“Sab sala chor hai siwaye Quaid-e-Azam ke”

corruption is our national character
 
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it seems corruption is becoming part of our culture,one thing which I have observed in our society is that if you are rich ,educated class like doctors,engineers start respecting you no matter you are illiterate and have earned wealth through illegal means,we should end this culture in which wealth is considered as criteria for respect and prestige if want to control corruption
 
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Any idea about ASF city going on in Karachi

Is it a safe investment opportunity ? Heard a lots of negative feedback about it ...
 
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