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SC stopped action against two real estate developers

SC stopped action against two real estate developers

ISLAMABAD: The Natio¬nal assembly’s Standing Committee on abroad Pakis¬tanis was once told through the staff’ ancient-Age benefits school (EOBI) on Wed¬nesday that the FIA had been restrained with the aid of the Supreme court docket from taking motion towards two influential actual estate builders.
A meeting of the committee, presided over by way of its chairman Mir Aamer Ali Khan Magsi, used to be instructed that the apex courtroom had in 2013 stopped the FIA from taking action in opposition to PTI leader Aleem Khan and former senator Ammar Ahmed Khan.
“There are specific directives not to act in opposition to Aleem Khan of imaginative and prescient builders, Lahore, and Ammar Ahmed Khan of Pak-Arab Housing, Lahore, however that an FIR has been registered towards them and the case is with the FIA,” EOBI Chairman Sauleh Farooqui stated.
The standing committee, which had taken up the EOBI scam, directed the university’s chairman to actively pursue the court docket cases for early realisation of the money misappropriated due to purchase of properties at exorbitant rates.
The committee was once told that there have been two cases towards imaginative and prescient developers — one relating to non-progress of industrial plots in River side Housing Scheme on Multan road in Lahore. The company had to strengthen and provide 226 plots of extraordinary sizes to the EOBI, but the land remains undeveloped.
The 2d case against the company relates to non-progress of 742 residential plots in an extra housing scheme in Lahore.
“The corporation has been paid Rs2.6 billion, however considering that it has no longer developed the land and delivered the plots to the EOBI, the case is still in the Supreme courtroom and its hearing is awaited,” the EOBI chairman mentioned.
The committee was once additionally advised that Ammar Ahmed Khan’s organization Pak-Arab Housing Scheme had been given Rs1.15bn by means of the EOBI to increase 579 residential and 75 business plots in a housing scheme in Lahore.
Minister for abroad Pakistanis Pir Saddaruddin Shah Rashdi informed the committee that the legal professional normal would request the Supreme court docket to listen to the case as early as feasible.
The EOBI chairman said lots of the accused were beneath arrest whilst the others had been granted bail either on statuary or scientific grounds.
The committee chairman directed the FIA to accelerate the % of investigation on FIRs registered towards the accused.
The committee was told that the former EOBI administration had bought 18 homes in exceptional constituents of the country at exorbitant rates in connivance with the marketers.
Former chief justice Iftikhar Chaudhry had taken the detect on a media report about alleged corruption amounting to over Rs40bn within the EOBI in June 2013.

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