NAB recovers Rs1b in Eden housing scam

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In an encouraging development, the National Accountability Bureau (NAB) Lahore has made a recovery of Rs1 billion in the Eden Housing projects Scam.

A few days back, the prime suspect in the case, the owner of the society, Dr Amjad had passed away leaving over 11,800 victims’ money in the doldrums. A large number of them turned up at his funeral to stage a protest and demand their money.

The NAB reportedly managed to get a recovery of Rs1 billion from Eden management.

The anti-graft body had frozen the assets of the society.

Dr Amjad and other prime suspects in the case had fled abroad. They sometime ago had returned. A court had ensured bail to Dr Amjad.

The meetings with the prime suspect and NAB were going on for the recovery of the public money. However, he passed away.

The NAB had filed a reference of Rs25 billion before the court. The Eden administration, however, had offered a plea bargain of Rs15 billion that was turned down by the NAB.

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