PAF Housing Society for Martyrs Turns Out to be A Rs. 18 Billion Scam

Corruption runs rampant in Pakistan, especially in the real estate sector. It has reached the height of disgust as two builders, with help from Pakistan Air Force (PAF) officials, have looted huge sums of money from the public in a housing society for martyrs.

In a shocking scandal, the National Accountability Bureau (NAB) has unearthed irregularities worth billions of rupees in PAF-owned Fazaia Housing Scheme Karachi.


ALSO READ

Pakistan Receives Rs. 39 Billion from Malik Riaz’s Settlement With UK Crime Agency


The fraud deprived the public of Rs 18.2 billion which they had invested in the housing society for martyrs. NAB informed the accountability court that despite the fact that land was allocated for heirs of martyrs, only 30 out of 8,400 planned housing units were allotted to such families.

According to the reports, two builders from Maxim Properties, Tanveer Ahmed and Bilal Tanveer, were arrested by NAB Karachi before presenting them in an accountability court. The two were involved in the scam with the help of PAF officials whose names have not been disclosed.


ALSO READ

Here’s a Step by Step Guide to Finding Property Online


The accountability watchdog also said that several overseas Pakistani took an interest in the project because a reliable brand of PAF was involved.

Over Rs 18 billion were collected by the detained builders in the form of different fee including form fees, registration, open certificate, standard and luxury apartments, surcharge, transfer fees, overseas apartments, overseas transfer fee, bungalows, the surcharge, transfer and proceedings fee for the bungalows and direct deposits.

The accountability court has extended the physical remand of suspects by 14 days.


What are your thoughts on the story? Let us know in the comments section.

Feature Writer


  • The Military of pakistan is corrupt to the core. They are only good at taking land for defense purposes and building housing societies and training Good Talibans for us.

    Koi hai jo in begheraaton ka aehtasaab karay

  • Why they are all using Military name :NAB / Approval Deni Wali Authorities tab kaha So Rahi hai Jab MARKETING Howi Inti

  • Civilians ka naam to bata diya. Why arent they disclosing the names of PAF Officials who were involved in this Corruption? Unke liye koi Qanoon nahi hai? jo chaahe karte phirain?

  • The PSL 2020 is almost here! Want to know everything about it? Visit the pages below (Live stream will be available when the matches begin).
    PSL 2020 Schedule PSL Points Table | 2020 PSL Teams PSL Live Streaming PSL 2020 Highlights PSL 2020 Statistics


    >