ISLAMABAD: National Accountability Bureau Rawalpindi on Monday has filed a reference against the management of Ministry of Commerce Employees Cooperative Housing Society and others.
The accused namely President Ministry of Commerce Employees Cooperative Housing Society, Rana Ghulam Farid, Ex-Vice President Syed Amir Hussain Shah, General Secretary Mazhar Hussain, former executive members Muhammad Akram Awan, Muhammad Arshad and CEO M/s Sun Shine Real Estate Marketing (Pvt) limited and Kushnawaz Property/Dealer and others, who have been already arrested from Islamabad.
The arrested persons in connivance with each other have been found involved in corruption and corrupt practices in allotment of plots, embezzlement of society funds and illegal award of contracts for development work causing loss of billions of rupees to the members.
The Bureau is making all out efforts to recover the looted money from corrupt elements and deposit it in national exchequer, said a press release.
Multiple complaints have also been received regarding allegation of misuse of authority in award of development contracts, allotment of plots and embezzlement of society funds against the management of the society.
Investigations revealed that accused Rana Ghulam Fareed, the then President of Ministry of Commerce Employees Cooperative Housing Society in connivance and collaboration with others illegally accommodated and awarded the contract of consultancy services to M/s Naveed Aslam and Associates without competitive bidding in gross violation by laws and the society.
The society has received millions of rupees from members whereas the same has been embezzled by the accused persons instead of spending on purchase of land and development works of the society,Moreover, accused persons also illegally allotted plots without balloting.
The investigation also revealed that Rana Ghulam Fareed the then President of Ministry of Commerce Employees Cooperative Housing Society in connivance with other accused persons transferred dozens of files amounting to millions of Rupees on bogus cheques as well as double allotments.
Furthermore, Rana Ghulam Fareed in connoivance and collaboration with other accused persons also involved in transfer of 94 memberships on the basis of fake and bogus documents and without the knowledge of owners. It is also found that the accused persons, in connivance with each others have committed offence of cheating public at large and criminal breach of trust under the provision of NAO, 1999.
Irfan Naeem Mangi , Director General NAB, Rawalpindi has said that NAB Rawalpindi under the directions of Chairman NAB, is committed to eradicating corruption by adopting Accountability for All policy across the board.
He said NAB is making all out efforts to recover the looted money from corrupt elements and deposit in national exchequer.