LAHORE: The National accountability Bureau (NAB) has arrested suspect involved in a fraud case of the Defence Housing Authority (DHA).
According to the NAB spokesperson, the suspect has been arrested on the allegations of corruption, cheating public at large and misappropriation of funds.
The accused Hammad Arshad, owner of Globco (Private) Limited, offered his services and agreement with DHA EME Lahore but he failed to do so. He had failed to acquire land measuring 25,000 canals. Accuser’s company was assigned the task to develop land and to acquire as well but within the given time they acquired land measuring 13013 canals only. He allotted plots of the EME society without land and made huge fraud with people.
He collected more the Rs 16 billion and invested that money in his personal business and for other projects. In this regard, the National Accountability Bureau Lahore started investigation and found him guilty.
Accused Hammad Arshad is in NAB Lahore custody and he will be produced before the National Accountability Court on Friday (today).
