Three accused of Housing Society scam sent to jail

RAWALPINDI Accountability Court (AC) Rawalpindi No 3 sent three accused allegedly involved in Rs 2.5 billion housing society scam to Adiala jail on seven days judicial remand. The AC judge Najmul Hassan Bukhari sent Bankers City Housing Society Chief Executive Syed Rahat Mehmood and co-accused Mohammad Farooq Ansari and Mohammad Akhtar to Adiala jail on seven days judicial remand and deferred the proceedings till May 22, while prosecutor Arif Ali Zafar Chohan appeared before the court on behalf of National Accountability Bureau (NAB). Earlier, the Supreme Court had cancelled their interim bails it had granted them earlier and directed the Accountability Court to decide the corruption reference against them accordingly. The accused were granted bails so that they could satisfy claims of some 11,000 affectees of the housing society from whom they conceded to have taken as much as Rs 2.5 billion. But they failed to do so despite being on the bails for last almost one year. In February 2007, NAB had arrested Syed Rahat Mahmood on the charge of deceiving and defrauding the people as he failed to provide plots to the purchasers or develop the housing project. According to the National Accountability Bureau report, the accused obtained a no-objection certificate (NOC) for only 152 kanals, but they purchased land in 43 villages, mostly located outside the permissible area of the proposed scheme. It said the management of the scheme had neither conducted any balloting nor refunded the deposited amount to the plot seekers. According to Rawalpindi Development Authority (RDA) rules, the requirement of land for a private housing scheme was 152 kanals with no maximum limit.

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