Ex-SHO arrested in real estate scam

The News

LAHORE: National Accountability Bureau, Lahore, on Tuesday arrested former SHO of Burki Naveed Azam and another accused, Farmaish Ali, in Home Land Real Estate scam worth billions.
NAB has been probing into the alleged financial embezzlement worth billions of rupees in Home Land Real Estate case. The arrested accused, Naveed Azam Chaudhry and Farmaish Ali, gained pecuniary advantages from the chief culprit, Nadeem Ahmed.
The then Burki SHO Naveed Azam willfully failed to exercise his duty by not registering any case against accused Nadeem Ahmed despite receiving a number of complaints against him as he was involved in cheating public at large and misappropriating huge amounts collected from general public. Investigation proceedings further revealed that accused Naveed Azam Chaudhry through illegal, dishonest and by corrupt means obtained numerous assets/properties worth millions of rupees in the name of his spouse which were purchased by accused Nadeem Ahmed, whereas, he also received illegal gratifications of Rs 3 million from accused Nadeem Ahmed for not initiating criminal proceedings against the accused under the law. NAB officials, however, have obtained 14 day physical remand of Naveed Azam after producing him before an accountability court.
The other person named Farmaish Ali allegedly received Rs 15 million from chief accused Nadeem Ahmed from the amount collected dishonestly from the general public. It is revealed that Farmaish Ali owns two houses worth Rs 18 million and a costly shop. NAB had earlier arrested four accused in the same case.
The arrests were made following the intimation by Financial Monitoring Unit (FMU) in the wake of unusual money transactions.

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