Pindi NAB recovered Rs490.588m from housing society

The News

ISLAMABAD: Rawalpindi National Accountability Bureau (NAB) recovered Rs490.585 million from the management of a housing society and distributed Rs138.04 million among 4,200 affected people in a ceremony held on Thursday.

Rawalpindi NAB Director General Irfan Naeem Mangi was the chief guest at this occasion and handed over cheques to the affected the people.

In case of inquiry against housing society and others, the management obtained Rs490.585 million illegally from the general public without obtaining permission from the RDA to advertise the scheme and sold files/plots. The Askaria Town management did not obtain an NOC from the RDA for detailed layout plan.

The management of the society submitted an application for plea bargain to Investigation Officer Asad Ullah Makhdoom against the claims pending at NAB and in this regard, total plea bargain of Rs490.585 million was accepted.

The looted wealth is being returned by the Rawalpindi NAB in phases and today Rawalpindi NAB distributed a sum of Rs138.04 million among 4,200 affected people.

Addressing the ceremony Director General NAB Rawalpindi Irfan Naeem Mangi re-iterated that NAB will continue to pursue the corrupt element for cleansing the society from the corrupt element under the leadership of NAB Chairman Justice (R) Javed Iqbal so that the motherland could achieve the dream of corruption free Pakistan. He said NAB strongly believes in the zero tolerance policy against corruption.

He said NAB hopes that the joint efforts of all stakeholders can collaborate to check corruption and corrupt practices before happening with the help of all stakeholders.

“However, this practice to invest in the unauthorised schemes in greed of more interest and returns on investments must be ended and discouraged,’ he said.

Rawalpindi NAB Director General Irfan Naeem Mangi said that under the guidance of Justice Javed Iqbal, NAB is committed to working transparently, fairly, professionally and on merit for corruption free Pakistan in accordance with the law.

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