MULTAN: National Accountability Bureau (NAB) obtained important documents pertaining to properties records, wealth and vehicles during raid at the residence of real estate tycoon Sheikh Shahid who was earlier arrested for cheating Rs7.71 billion and defrauding thousands of people by selling plots in unapproved housing schemes.
According to details, National Accountability Bureau Multan has raided real estate tycoon Sheikh Shahid residence located in House No: 39, Tipu Sultan Road Cantonment for collection of important evidences and records.
The family of accused has resisted against the raid of NAB and local police assisted them. National Accountability Bureau has obtained search warrant of accused house and taken important documents in their custody for case record.
National Accountability Court has granted 14 days physical remand of accused on the request of NAB Multan.
It is also pertinent to mention here that accused Sheikh Shahid was arrested yesterday by National Accountability Bureau in connection with an ongoing investigation against developers of Green Fort (Plus),Mauza Durana Langana Matital road Multan and others. Said accused has cheated public at large by launching many illegal projects under the banner of Ali Associates.
As many as five illegal projects of accused was under investigation and he collected almost Rs7.71 billion from public through cheating and defrauded thousands of people by selling illegal plots in illegal housing societies.
Accused has launched and advertised Housing schemes without approval of regulatory authority concerned and he has also evaded government fees /dues and transfer of land and amenity of plots through connivance of his co-accused. Five housing projects under investigation in NAB Multan includes Green Fort (Plus), Falcon City, Phase -II,Southern Bypass,Babar Town old Shujabad Road ,Millennium City Phase -I Dunyapur Road, Green Fort ,Northern Bypass Road Multan.
