NAB chief for action against illegal housing societies

ISLAMABAD: The National Accountability Bureau (NAB) Chairman, Justice (R) Javed Iqbal, on Thursday directed bureau officials for stern action against illegal Private /Cooperatives Housing societies and urged people to invest their hard earn money only in legal private cooperative housing societies to avoid fraud at initial stage.

Seeking a report from the Rawalpindi NAB director general about actions taken against private and cooperative housing societies so far, he reiterated his firm resolves to take stern action against all private/cooperative illegal housing societies.

These directions were given in a meeting held at NAB Headquarters on Wednesday with its Chairman Justice (R) Javed Iqbal in the chair to review the overall performance of NAB, especially regarding action taken so far against illegal private/cooperative housing societies of Rawalpindi and Islamabad.

The meeting was informed that NAB, as per directives of its chairman, has asked the relevant departments, including Islamabad Capital Territory (ICT), Rawalpindi Development Authority (RDA) and Capital Development Authority (CDA) to take action against all illegal private/ cooperative housing societies and asked them to publish names of all illegal societies in newspapers as well as place the names of such societies at the CDA, RDA and ICT Websites in order to aware people at large through help of media to avoid investments in illegal societies.

It was told that NAB has played an effective role in ensuring the placing of the names of illegal societies on the websites of CDA, ICT and RDA. Moreover, the NAB chairman immediately after taking over his responsibilities as NAB chairman had directed to conclude all the inquiries and investigations against housing societies to their logical conclusion as per law.

The NAB chairman sought the report of actions taken against housing societies so far from the Rawalpindi NAB DG. He reiterated his firm resolves to take stern action against all illegal housing societies besides recovering the looted money from the defaulting societies and returning the life long saved money to the effectees of all the illegal housing societies in accordance with law. He said that strict action will be taken against relevant NAB officers on exhibiting negligence. He urged people to invest their hard earn money in only legal private/cooperative housing societies after thorough scrutiny and legal position as per law to avoid fraud at initial stage.