AIRLINK 184.69 Increased By ▲ 0.20 (0.11%)
BOP 12.78 Increased By ▲ 0.02 (0.16%)
CNERGY 7.81 Increased By ▲ 0.12 (1.56%)
FCCL 40.84 Decreased By ▼ -0.36 (-0.87%)
FFL 15.18 Increased By ▲ 0.06 (0.4%)
FLYNG 26.94 Increased By ▲ 0.36 (1.35%)
HUBC 131.07 Decreased By ▼ -0.76 (-0.58%)
HUMNL 13.82 Decreased By ▼ -0.27 (-1.92%)
KEL 4.51 Increased By ▲ 0.01 (0.22%)
KOSM 6.14 Decreased By ▼ -0.25 (-3.91%)
MLCF 51.23 Decreased By ▼ -0.48 (-0.93%)
OGDC 212.11 Increased By ▲ 3.23 (1.55%)
PACE 6.29 Increased By ▲ 0.02 (0.32%)
PAEL 42.55 Increased By ▲ 0.47 (1.12%)
PIAHCLA 16.51 Decreased By ▼ -0.11 (-0.66%)
PIBTL 8.94 Decreased By ▼ -0.14 (-1.54%)
POWER 11.10 Decreased By ▼ -0.17 (-1.51%)
PPL 175.00 Increased By ▲ 2.14 (1.24%)
PRL 34.73 Decreased By ▼ -0.34 (-0.97%)
PTC 23.94 Decreased By ▼ -0.50 (-2.05%)
SEARL 94.42 Decreased By ▼ -0.86 (-0.9%)
SILK 1.14 Increased By ▲ 0.01 (0.88%)
SSGC 33.11 Decreased By ▼ -1.07 (-3.13%)
SYM 17.11 Decreased By ▼ -0.61 (-3.44%)
TELE 8.25 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.45 Decreased By ▼ -0.22 (-1.89%)
TRG 60.25 Decreased By ▼ -0.23 (-0.38%)
WAVESAPP 11.39 Decreased By ▼ -0.14 (-1.21%)
WTL 1.45 Decreased By ▼ -0.01 (-0.68%)
YOUW 3.93 Decreased By ▼ -0.08 (-2%)
AIRLINK 184.69 Increased By ▲ 0.20 (0.11%)
BOP 12.78 Increased By ▲ 0.02 (0.16%)
CNERGY 7.81 Increased By ▲ 0.12 (1.56%)
FCCL 40.84 Decreased By ▼ -0.36 (-0.87%)
FFL 15.18 Increased By ▲ 0.06 (0.4%)
FLYNG 26.94 Increased By ▲ 0.36 (1.35%)
HUBC 131.07 Decreased By ▼ -0.76 (-0.58%)
HUMNL 13.82 Decreased By ▼ -0.27 (-1.92%)
KEL 4.51 Increased By ▲ 0.01 (0.22%)
KOSM 6.14 Decreased By ▼ -0.25 (-3.91%)
MLCF 51.23 Decreased By ▼ -0.48 (-0.93%)
OGDC 212.11 Increased By ▲ 3.23 (1.55%)
PACE 6.29 Increased By ▲ 0.02 (0.32%)
PAEL 42.55 Increased By ▲ 0.47 (1.12%)
PIAHCLA 16.51 Decreased By ▼ -0.11 (-0.66%)
PIBTL 8.94 Decreased By ▼ -0.14 (-1.54%)
POWER 11.10 Decreased By ▼ -0.17 (-1.51%)
PPL 175.00 Increased By ▲ 2.14 (1.24%)
PRL 34.73 Decreased By ▼ -0.34 (-0.97%)
PTC 23.94 Decreased By ▼ -0.50 (-2.05%)
SEARL 94.42 Decreased By ▼ -0.86 (-0.9%)
SILK 1.14 Increased By ▲ 0.01 (0.88%)
SSGC 33.11 Decreased By ▼ -1.07 (-3.13%)
SYM 17.11 Decreased By ▼ -0.61 (-3.44%)
TELE 8.25 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.45 Decreased By ▼ -0.22 (-1.89%)
TRG 60.25 Decreased By ▼ -0.23 (-0.38%)
WAVESAPP 11.39 Decreased By ▼ -0.14 (-1.21%)
WTL 1.45 Decreased By ▼ -0.01 (-0.68%)
YOUW 3.93 Decreased By ▼ -0.08 (-2%)
BR100 11,930 Increased By 4.9 (0.04%)
BR30 35,810 Increased By 73.5 (0.21%)
KSE100 113,784 Decreased By -78 (-0.07%)
KSE30 35,387 Decreased By -13.7 (-0.04%)

In a press statement dated 09.10.2015, issued by the management of Formanites Housing Scheme, Lahore, a number of allegations have been levelled against this Bureau and its functioning. Fingers have also been pointed at the professionalism and integrity of some of its officers. This clarification is meant to put the things straight once and for all.
First and foremost, NAB out rightly rejects all such allegations and terms these as baseless, incorrect, unfounded and unsupported. The press statement in question is nothing more but part of a secret agenda and propaganda campaign aimed at maligning the bureau its functioning and some of its most seasoned and decorated officers. As stated earlier from time to time it is reiterated that the character, working, track record, impartiality and performance of this Bureau and its officers has been unquestionable, impeccable, exemplary and praise worthy. NAB has strong resolve to fight corruption in all its forms and every sphere of life come what may, without taking into consideration any favour or fear. This is also meant to be made part of the record that NAB as an institution is never dependent on the whims of any individual, from within or outside, for its working and indeed no individual can influence course of any inquiry/investigation or its outcome to serve his personal agenda.
As far claims made with respect to the case in question are concerned, the management of the said housing society has cleverly made an attempt to play down the magnitude, gravity and extent of the issue. They have deliberately and consciously fabricated and misrepresenting the facts. In doing so, they have made a mockery of the laws of the land, its legal process and the long standing grievances of the general public.
So far, more than 1100 affectees have filed complaints with this Bureau with respect to gross irregularities and illegalities committed by the management of the said housing society. These are concerning both phase-I and phase-II of the Formanites Housing Scheme. The accused persons used the hard earned public money for their personal gains and amassed huge assets. They did not pay any heed to the hue and cry raised by the helpless people rather turned a deaf ear towards them.
This is to enlighten the general public that a combined investigation team has been assigned the responsibility to probe the matter and the liability has been calculated on the basis of the claims received from time to time.
The liability amount is bound to increase as more and more claim are pouring in. Since this is a case of cheating public at large, NAB, while remaining within the boundaries defined by law is making all out efforts to recover the looted amount and return the same to whom it belongs without delay.-PR

Copyright Business Recorder, 2015

Comments

Comments are closed.