NAB Karachi initiates inquiry against Fazaia Housing Scheme for allegedly 'cheating public'

Published November 29, 2019
The matter involves an amount of Rs13 billion invested by the general public. — File photo
The matter involves an amount of Rs13 billion invested by the general public. — File photo

The National Accountability Bureau's (NAB) Karachi chapter has requested its chairman to start a fresh inquiry against Fazaia Housing Scheme (FHS) Karachi on the allegation of "cheating public at large", a press release issued by the accountability watchdog said on Friday.

It added that the probe against FHS and others has been requested to address the grievances of a "huge number of affectees" — i.e. 6,000 people — who were allegedly defrauded under the housing project.

The matter involves an amount of Rs13 billion invested by the general public.

The NAB chairman "has been requested to initiate [a] fresh inquiry on the allegation of cheating public at large to provide relief to the affectees", according to the statement.

It said that NAB Karachi is determined to complete the inquiry at a fast pace and "hold accountable all the persons involved".

According to the scheme's website, the FHS was launched by the Pakistan Air Force for serving and retired personnel and civilians in March 2015.

In March 2018, NAB's executive board had decided to hold an inquiry against officials of FHS Karachi, and Sindh’s Board of Revenue and Land Utilisation Department to investigate alleged irregularities in a land deal.

At the time, the officials of Sindh’s land and revenue departments had been accused of providing land illegally to the FHS management.

Opinion

Editorial

Wheat worries
25 Apr, 2025

Wheat worries

PUNJAB’S farmers are enraged. They are not getting what they call a fair price for their wheat harvest this year...
Ending rabies
25 Apr, 2025

Ending rabies

RABIES remains one of Pakistan’s most deadly, yet neglected public health crises. Across the country, hundreds die...
Pahalgam attack
Updated 24 Apr, 2025

Pahalgam attack

Pakistan must proceed with caution and prepare a calm yet firm response to India’s allegations, and threats.
New IMF projection
24 Apr, 2025

New IMF projection

THE downgrading of the IMF’s growth forecast for Pakistan by 40bps to 2.6pc is perturbing, especially considering...
Stranded goods
24 Apr, 2025

Stranded goods

AS controversy over the new canals continues to rage, traders across the country have begun raising the alarm over...