NAB extends remand of Hammad Arshad involved in DHA scandal

LAHORE: Accountability Court, on Saturday, extended remand for two days of a key accused Hammad Arshad in a multibillion DHA City scandal.

Amjad Kayani who is the elder brother of Kamran Kayani, rejected fraud charge against his brother and termed it as a conspiracy against their family.

According to NAB sources, assets of the three companies involved in Rs 16 billion scam have been frozen.

Meanwhile, name of Kamran Kayani, another accused and brother of former Army Chief General (retd) Ashfaq Pervez Kayani has been put on Exit Control List (ECL).

He further stated that they are ready to face punishment if accusations against them were proved.

It said that the NAB had received 17,000 complaints against the key accused Hammad Arshad. The DHA City project was launched primarily to accommodate the families of martyrs and soldiers of Pakistan Armed forces to allot them plots in recognition of their services and sacrifices.

The accused was the CEO of Globaco (pvt) Ltd and involved in corruption and cheating the public at large. The company was unable to acquire the agreed land but it issued allotment letters nevertheless and collected around Rs15.47 billion from the public.

Accepting that it missed out a number of corruption scandals, the National Accountability Bureau came up last year with a fresh list before the Supreme Court, in addition to its earlier list of 150 mega scams involving approximately Rs568 billion.

The fresh list of 29 scandals includes an Rs4 billion case in the army-run National Logistics Cell (NLC) against its chief financial officer Saeedur Rehman for unauthorized investment in the stock market.

A Supreme Court bench, headed by Justice Jawwad S. Khawaja, is seized with a matter relating to corruption in NAB.

The list implicated big guns like Prime Minister Nawaz Sharif and two former premiers, Yousuf Raza Gilani and Raja Pervez Asharaf, a caretaker prime minister, Chaudhry Shujaat Hussain, former president Asif Ali Zardari, Finance Minister Ishaq Dar, former federal and provincial ministers, senior bureaucrats and individuals from the banking or financial sector.

On July 23 2015, an application was filed in the Supreme Court accusing NAB of misleading the court by presenting an evasive list of 150 mega scandals.

It said the list was prepared on the basis of the cases provided by the bureau’s regional officers who were custodian of the cases in their jurisdictions.

A supplementary application had to be submitted to the court to give a fuller picture, the letter said, asking the regional officers to submit an inquiry report within a week.