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NAB detains many on corruption charges

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NAB

ISLAMABAD: National Accountability Bureau (NAB) Rawalpindi has detained number of people in corruption cases.
According to the statement issued on Thursday, NAB has arrested accused persons namely Rana Ghulam Farid, President Ministry of Commerce Employees Cooperative Housing Society (MOCECHS), Syed Amir Hussain Shah, Ex-Vice President/General Secretary MOCECHS, Mazhar Hussain, General Secretary, MOCECHS, Muhammad Akram Awan Ex-Executive Member/Member Development Committee MOCECHS, Muhammad Arshad, CEO M/s Sun Shine Real Estate Marketing (Pvt) Limited and Khushnawaz Property Dealer have been arrested.
The accused persons in connivance with each other have been allegedly involved in corruption and corrupt practices in allotment of plots, embezzlement of society funds and illegal award of contracts for Development works thus causing loss of Billions of Rupees to the members/public at large.
As per details, multiple complaints have been received in NAB regarding allegations of misuse of authority in the award of development contracts, allotment of plots and embezzlement of society funds against the management of the society.
During the investigation, it was revealed that accused Rana Ghulam Fareed, the then President MOCECHS in connivance and collaboration with others illegally accommodated and awarded contract of consultancy services to M/s Naveed Aslam & Associates without competitive bidding in gross violation of by-Laws of t Ministry of Commerce Employees Cooperative Housing Society (MOCECHS). The society has received millions of rupees from members whereas the same has been embezzled by the accused persons instead of spending on purchase of land and development works of the society. Moreover, accused persons also illegally allotted plots without balloting.-NNI

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