Paragon City director remanded in NAB custody for 15 days

Business Recorder

LAHORE: An accountability court on Monday granted 15-day physical remand of Paragon City Director Qaiser Amin Butt to National Accountability Bureau (NAB) in Paragon Housing Society scam.

The accused has been facing charges of involvement in the commission of offences of corruption and corrupt practices in alleged connivance with co-accused Nadeem Zia and others in Paragon City (Pvt) Limited.

During the hearing, NAB Prosecutor requested the Accountability Court to grant a 15-day physical remand of the accused, which was granted.

Qaisar Amin Butt was arrested by NAB on November 14, 2018 on the charges of launching an illegal housing scheme known as “Paragon City (Pvt) Ltd in connivance with Nadeem Zia and others during the year 2005 on the basis of forged and fabricated documents in alleged connivance of the TMA Aziz Bhatti Town, Lahore officials.” Around 89 affectees approached NAB Lahore for redress of their complaints and compensation of their financial losses.

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