The National Accountability Bureau (NAB) on Thursday has arrested senior most bureaucrat Fawad Hassan Fawad in Rs14 billion Ashiana Housing Scheme scam.
The officer appeared before the bureau after the anit-graft body summoned him today.
Fawad Hasan Fawad was detained for alleged corruption in the Ashiana Housign Scam. He pressurized chief executive officer (CEO) Tahir Khursheed and Project Director Ali Moazzam of Punjab Land Development Company (PLDC) to cancel the contract with M/S Chaudhry Latif and sons and gave it to Casa Developers.
The government had to pay Rs5.9 million in damages due to alleged cancellation of the contract that further delayed the project.
Arrest of Fawad made under charges
He also constructed a plaza in Rawalpindi through illegal assets. Fawad neither presented any record before NAB nor was able to respond to their queries. Motorway Housing Scheme was illicitly approved at his behest.
He was also charged with relocation of Compressed Natural Gas stations and illegally serving in a bank.
According to NAB, Fawad was taken into custody on ample evidence gleaned from statements of co-accused testifying against him while he will be produced before accountability court on Friday.