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اردو

Dec 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Business & Finance

NAB Karachi arrests ex-minister's realtor

KARACHI: National Accountability Bureau (NAB) Karachi on Thursday arrested a real estate agent namely Muhammad Javed

Muhammad Ali Published March 7, 2019

KARACHI: National Accountability Bureau (NAB) Karachi on Thursday arrested a real estate agent namely Muhammad Javed Makhdoom S/o Muhammad Ilyas Makhdoom wanted in corruption case.

Muhammad Javed Makhdoom S/o Muhammad Ilyas Makhdoom has been charged for conniving with then Minister for Ports & Shipping, Kamran Michael , to allot three commercial plots numbering COM-154, COM-157 & COM-158 located at prime locations of KPT Cooperative Housing Society (Mai Kolachi area) Karachi allotted in names of 3 private persons against hefty bribe.

He carried out the role of middleman in this entire transaction and facilitated commission of crime and made millions in the process. The three precious plots of KPT Cooperative Society are worth Rs. 1.050 Billion presently.

A corruption reference with respect to 16 such plots was already filed by NAB Karachi.

However during further investigation, evidence came on record regarding involvement of Kamran Michael, who was arrested on 08-02-19. He is presently confined in Central Jail Karachi on judicial remand.

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First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
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WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
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Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26