LAHORE: National Accountability Bureau (NAB) has arrested former project director of DHA City for his alleged involvement in Rs 16 billion land scam.
According to NAB spokesman, Brig (r) Khalid Nazir Butt has been arrested for his alleged involvement in scam, while inquiry against Hamad Arshad, owner of GLOBACO (Pvt) Ltd Management of LANDCO Subsidiary of DHA Lahore and others is underway. The accused signed a lopsided Joint Venture agreement with Gloabco, which was discriminatory in nature and was entirely disadvantageous to the DHA causing huge loss to the authority.
Furthermore, Globaco launched the project with the implied consent of the accused person without acquisition of 10,000 kanal of land and getting the master plan approved the from Executive Board of DHA, which was in complete violation of the approved minutes of the DHA Executive Board meeting.
