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NAB investigating 21
housing societies
By Shahzad Malik

Investigations are underway against 21 housing societies, said National Accountability Bureau (NAB) spokesman Brigadier Nasir Mahmood on Monday.

At a press conference at NAB headquarters, he said that many people had invested money in these housing societies and these people should not be scammed. He said the investigation against nine housing societies was in advanced stage. The societies are: New City Housing Project, Airport Employees Cooperative Housing Society, Federal Employees Cooperative Housing Society, Quaid City Housing Rawalpindi, Railways Employees Cooperative Housing Society, Rail View Cooperative Housing Society, Al Madina Town Rawalpindi, Utility Cooperative Housing Society and Bahria Town.

At the final stage of the investigation, references will be filed against the societies in light of legal opinion and with the consent of the NAB chairman, he said. The spokesman however said, “so far no evidence of any wrongdoing by Bahria Town has been detected.”

Mr Mahmood said that inquiries (initial stage of investigation where documents and evidence are collected prior to the formal investigation) are also underway against 12 housing societies. They are Lawyers Cooperative Housing Society, Accounts Group Cooperative Housing Society, Rasul Town Housing Scheme Pvt Ltd, Askaria Co-op Housing Society, Ministry of Commerce Employees Cooperative Housing Society, Gillani Housing Corporation Pvt Ltd, Aiwan-e-Sadar Housing Society Rawalpindi, Lahore Chambers of Commerce Cooperative Housing Society, Abad Cooperative Housing Society, Intelligence Bureau Cooperative Housing Society, Supreme Court Employees Cooperative Housing Society and Veterans Cooperative Housing Society.

He said that NAB had recovered Rs 110 billion over the last five years from various institutions and people involved in corruption. This amount has been deposited with the government exchequer, he said. He said NAB has recovered Rs 8 billion from government agency defaulters, including the PTCL and Capital Development Authority. He said this amount was been deposited with the accountant general of Pakistan Revenue.

He said cases are still under trial in various courts against politicians and ministers. He said Interior Minister Aftab Ahmed Khan Sherpao had been granted bail by the high court and he denied reports of investigations against the high court judge. He said 176 politicians are being investigated, including two former prime ministers, 10 former chief ministers, 63 MNAs, 10 senators, 91 MPAs, 586 bureaucrats and 189 businessmen.


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