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Posts tagged as Ashiana-e-Iqbal Housing Scheme

NAB didn’t accuse Shehbaz of graft: LHC

LAHORE: The Lahore High Court (LHC) has noted that the National Accountability Bureau (NAB) has not accused Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif of embezzlement in the Ashiana-e-Iqbal Housing Scheme case and Issuing separate verdicts in Ashiana and Ramzan Sugar Mills cases on Friday a week after accepting Shehbaz’s bail applications in the two cases the LHC said NAB has not accused the former Punjab chief minister of any monetary corruption.
The 22-page verdict said the Ashiana Housing project was handed over to the Lahore Development Authority (LDA) after approval of the board of the Punjab Land Development Company’s (PLDC).The verdict said Shehbaz Sharif, as chief minister, had the right to transfer the project.In Ashiana case, NAB had accused Shehbaz of illegal project transfer.Govt indecisive over Nawaz Sharifs treatmentIn its 20-page verdict with regard Ramzan Sugar Mills case, the LHC said apart from the drain, which, NAB accused, was built to benefit’s Shehbaz family’s private business, many such schemes were built in the area but NAB did not object to any other scheme.
It said the drain was constructed on the request of former MPA Maulana Rehmatullah but NAB, instead of nominating Rehmatullah as an accused, made him an approver in the case.The verdict on Ashiana also discusses the case of senior bureaucrat Fawad Hassan Fawad, who was also granted bail in  the Ashiana scandal.It said Fawad had no role in cancellation of contract to Abdul Latif and Sons and the contract ended after mutual consensus.Ruckus in National Assembly after ministers traitor remarkIt said Fawad Hassan Fawad was only working as the former CM Punjab’s post office.

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Ashiana-e-Iqbal Housing Scheme case: Fawad owns Rs5b plaza, 14 benami accounts, NAB tells LHC

LAHORE: The National Accountability Bureau (NAB) on Wednesday informed the Lahore High Court that former principal secretary to prime minister Fawad Hassan Fawad owned a plaza in Rawalpindi valued Rs5 billion and 14 Benami bank accounts.
The NAB alleged that Shahbaz being the chief minister of Punjab had issued a directive for the construction of a drain in district Chiniot primarily for the use of the Ramzan Sugar Mills owned by his sons.

It said Rs 200 million were spent on this purpose from the public money.Fawad being then secretary implementation to the chief minister has been accused of being involved in cancellation of a lawful award of the housing scheme to give the same to a company of his choice.
During the hearing of Fawad’s bail, NAB Special Prosecutor Akram Qureshi told the bench that Fawad received Rs 50 million as bribe from the company of Kamran Kayani, brother of former army chief Ashfaq Pervez Kayani, through bank accounts of his brother and sister-in-law. He said Fawad wanted to award the contract of the Ashiana Housing Scheme to Kayani’s company, however, it did not happen later.He said the assets of Fawad were beyond his known sources of income.On the bail petition of Shahbaz in the sugar mills case, the bench posed a query to both the prosecution and the defence, saying how it will be determined whether the drain in question was constructed for personal benefit or for the benefit of public at large.

The bench sought a feasibility report prepared for the construction of the drain and record of drain projects, if any, launched in Chiniot and other districts of the province.The bench deferred the hearing on the bail petitions of both Shahbaz and Fawad on the request of the NAB prosecutor.A two-judge bench headed by Justice Malik Shahzad Ahmad Khan was hearing the bail petitions of NA Opposition Leader Shahbaz Sharif in Ramzan Sugar Mills case and that of Fawad in the Ashiana-e-Iqbal Housing Scheme.The NAB alleged that Shahbaz being the chief minister of Punjab had issued a directive for the construction of a drain in district Chiniot primarily for the use of the Ramzan Sugar Mills owned by his sons.
It said Rs 200 million were spent on this purpose from the public money.Fawad being then secretary implementation to the chief minister has been accused of being involved in cancellation of a lawful award of the housing scheme to give the same to a company of his choice.
During the hearing of Fawad’s bail, NAB Special Prosecutor Akram Qureshi told the bench that Fawad received Rs 50 million as bribe from the company of Kamran Kayani, brother of former army chief Ashfaq Pervez Kayani, through bank accounts of his brother and sister-in-law. He said Fawad wanted to award the contract of the Ashiana Housing Scheme to Kayani’s company, however, it did not happen later.

He said the assets of Fawad were beyond his known sources of income.On the bail petition of Shahbaz in the sugar mills case, the bench posed a query to both the prosecution and the defence, saying how it will be determined whether the drain in question was constructed for personal benefit or for the benefit of public at large.The bench sought a feasibility report prepared for the construction of the drain and record of drain projects, if any, launched in Chiniot and other districts of the province.The bench deferred the hearing on the bail petitions of both Shahbaz and Fawad on the request of the NAB prosecutor.

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