Friday , July 20 2018
Latest News
Home / Pakistan / NAB initiates probe into EOBI, Bahria Town deal

NAB initiates probe into EOBI, Bahria Town deal

Rawalpindi:The National Accountability Bureau has initiated probe into recent real estate deal between Employees Old-Age Benefits Institution and Bahria Town.
In the mega deal worth billions, EOBI purchased 321 kanals of disputed land from Bahria Town in violation of rules and regulations.
The Defence Housing Authority Islamabad endorsed the deal despite having powers to turn it down on legal grounds.
Lt. Col. M Tariq Kamal (Retired) who is former Director Engineering DHA Islamabad, objected to the deal and forwarded complaints to NAB and all other concerned authorities.
In his applications, he stated that a disputed piece of land cannot be sold to another government institution which is violation of rules and regulations including DHA Ordinance.
In this connection, on Monday (July 02) Colonel (Retd) Subh Sadiq of NAB Rawalpindi summoned Col. Tariq and discussed the issue in detail. He asked Col. Tariq to provide technical details and map of the land. Later he deputed Investigation Officer Iqbal Qasmi to initiate investigations.
Col. Tariq informed the NAB officials that the land in question originally belonged to Commoners Town. The administration of Commoners Town gave that land to DHAI in 2004. DHAI illegally transferred that land to Bahria Town in 2009 and now Bahria Town has sold it to EOBI on exorbitant price.
Col. Tariq further said that under the law DHAI was part of the process and authority for approval of deal lies with them while the financial benefit of the deal went straight to the Bahria Town.
He mentioned that Bahria Town was not the legitimate owner of the land therefore it cannot sell the property. Moreover, the matter regarding illegitimate land transfer was pending in the court of law.
In fact, the DHAI gave 400 kanals of land to Bahria Town in 2009, now they have sold 321 kanals to EOBI and preparing to sell remaining 79 kanals to another government department which will be unlawful, the former DHAI official informed NAB investigators.
NAB has assured to probe the matter on merit and bring culprits to the book.

Leave a Reply

Scroll To Top