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NAB files reference against ex-PHA DG in Rs150m fraud case

byCT Report
20/12/2015
in Business
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PESHAWAR: The National Accountability Bureau Khyber Pakhtunkhwa has filed a reference in an accountability court against a former director general of the Provincial Housing Authority (PHA), a land acquisition collector and five others for allegedly misappropriating Rs150 million funds of purchasing land for a housing scheme.

the NAB claimed that former PHA DG Javed Ahmad, land acquisition collector Naveed Qadir, and five others, including some landowners, were involved in embezzlement of funds meant for a housing scheme at Jalozai, Nowshera.

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The reference stated that PHA acquired land under the Land Acquisition Act, 1984 and determined total compensation to be paid to landowners at Rs1015.175 million. However, the reference alleged a loss of Rs150 million was inflicted on the exchequer as extra money was paid to illegal and fake landowners.

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