LAHORE: The National Accountability Bureau (NAB) Lahore informed an accountability court on Friday that the company, given the contract of Ashiana Housing Scheme construction, caused 640 million losses to the national exchequer.
According to NAB officials, Ahad Cheema, as director general of Land and Development Authority (LDA), gave the contract of Ashiana Housing Scheme to a company in 14 billion whereas; it is unlawful to make any agreement above 150 million with a company.
It was due to the hired company’s incompetence that the project could not be completed in three-year duration which brought upon a loss of 640 million to the government, NAB asserted.
The anti-graft watchdog further apprised the court that 16 thousand poor citizens paid 610 million in Ashiana Iqbal Housing scheme.
The court later extended the judicial remands of Ahad Cheema and others accused in the case until August 9.
