Post Reply 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Senate employees housing society in throes of scandals
02-28-2013, 03:00 PM
Post: #1
Senate employees housing society in throes of scandals
ISLAMABAD, Feb 27: Nearly eight years after the Senate (Sectt) Employees Cooperative Housing Society began making agreements for land and payments with property dealer, Raja Ishtiaq Associates, issues of embezzlement and non-payment of dues continue to dog the society.

On Wednesday, a Special Committee of the Senate, formed in November, directed both parties to “resolve the issue” before it had to go to the National Accountability Bureau (NAB).

Officials from NAB and the ICT Administration told the committee, headed by senator Fateh Mohammad Hassani, that in June 2005, the society’s management committee made an agreement with Raja Ishtiaq Associates.

Under the agreement the firm would provide 10,000 kanals of consolidated land in Zone V, for which the society would pay Rs540,000 per kanal, for a total of Rs5.4 billion.

Soon after the agreement, around 4,000 people applied for plots in the society, paying a total of Rs560 million to the management committee.

According to Dildar Fani, the president of the society, only 500 of these have paid at least three membership installments.

“Some of the members have defaulted on their payments,” he said, wondering why they were “coming to claim their plots after seven years.”

Since 2007, the society has gone through as many as five administrative committees, each blaming the others for embezzlement.

Raja Ishtiaq, the land supplier, told the committee that his firm “had supplied the requested amount of land”, although he admitted that another 43 kanals needed to be provided.

“This can be handled with negotiations, since we have deposited Rs 35 million as bank guaranty,” he said.

According to Ishtiaq, his firm has already handed over 956 kanals, along with another 112 purchased against 94 kanals outside of the society’s limits.

This purchase, however, is also not without controversy. The ICT Administration’s Circle Registrar, Malik Din, told the committee that the sale of those 94 kanals should be considered illegal, as neither Ishtiaq nor the society had the right to conduct that purchase without permission from the Deputy Commissioner.

Zahir Shah, the Director of NAB, said that his office had received a complaint about that purchase in 2011, when former senator Azam Khan Swati claimed that the firm had used the society’s money to purchase that land, which it later sold for Rs50.7 million – money that could not be deposited in the society’s accounts.

“We were also told that Raja Ishtiaq Associates had signed cheques worth Rs24.3 million, which were dishonored,” Zahir Shah said. A NAB inquiry, he said, “shows that members of the managing committee of the society and the firm were responsible for embezzlement.”

Both bodies have asked for two weeks to resolve the issue.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 

Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Lahore: Nigehban Homes Illegal Housing Society LRE-Azan 0 389 12-11-2021 07:55 PM
Last Post: LRE-Azan
  Islamabad: POF Cooperative House Building Society NOC Issue Resolved LRE-Azan 0 430 11-22-2021 08:07 PM
Last Post: LRE-Azan
  Senate Secretariat Employees Cooperative Housing Society Annual Meeting Notice LRE-Azan 0 364 11-02-2021 06:37 PM
Last Post: LRE-Azan
  PAEC Employees Housing Society Islamabad Scandal Salman 0 12,363 02-27-2014 07:13 PM
Last Post: Salman
  70 kanals of SSECHS grabbed, Senate told Salman 0 3,674 01-28-2014 04:30 PM
Last Post: Salman
  Ministry of commerce Employees co op housing scheme Islamabad newspaper ad CMY 0 7,561 01-21-2014 09:39 PM
Last Post: CMY
  Kuri Model Village Housing Scheme, Senate Committee Ordered Report From CDA Salman 0 5,442 01-09-2014 03:05 PM
Last Post: Salman
  Park Enclave Housing Project, Senate Committee took notice of development Salman 0 5,135 01-08-2014 02:44 PM
Last Post: Salman
  Prime Minister's low-cost housing scheme: 25 percent share for non-gazetted employees Salman 0 6,112 01-02-2014 01:33 PM
Last Post: Salman
  CDA cancels allotment of govt residences to 109 employees Salman 0 5,956 11-28-2013 12:57 PM
Last Post: Salman
  No plan to build 'new Islamabad' on the cards: CDA chief tells Senate body Salman 0 9,021 10-05-2013 12:10 PM
Last Post: Salman
  Steps be taken to make PM’s housing scheme reality: Senate body Salman 0 8,364 10-03-2013 01:20 PM
Last Post: Salman
  Karachi : Federal Govt Employees Housing Foundation (FGEHF) Apartments Balloting/Draw Salman 0 7,233 04-27-2013 02:00 PM
Last Post: Salman
  Senate passes bill to abolish quotas in housing schemes Salman 0 4,857 03-05-2013 08:09 PM
Last Post: Salman
  I-16 development Senate body grills officials Salman 0 3,578 02-14-2013 04:29 PM
Last Post: Salman
  P&D Society : – LDA terms Using govt dept name for housing schemes illegal Salman 0 5,527 02-11-2013 08:54 PM
Last Post: Salman
  Plots allotted to CDA employees Salman 0 3,397 01-30-2013 03:51 PM
Last Post: Salman
  Housing for govt employees FGEHF collects Rs478m through registration Salman 0 4,738 01-15-2013 12:41 PM
Last Post: Salman
  Islamabad : FGEHF Land Scam–Senate body recommends action against officials involved Salman 0 4,878 10-03-2012 05:56 PM
Last Post: Salman
  Gwadar port to be taken over by Chinese company: Minister informs Senate body | Pak Navy Asked to Vacate Land LRE 3 11,588 08-30-2012 10:49 PM
Last Post: LRE

Forum Jump:

User(s) browsing this thread: 1 Guest(s)