EoBI-Employees Old-age Benefits Institution suffered a loss of Rs 1.559 billion after bought a land from member of Pakistan Tehreek-e-Insaaf (PTI) for Rs 2.6 billion but the market value of the land is said to be not more than Rs 1.401 billion. This mega corruption scandal was presented in the Supreme Court and documents were provided about the land located at Multan Road, Lahore sold by PTI’s Aleem Khan. He, however, said that he is ready to return the rest of amount. Aleem Khan offered to submit Rs 600 million upfront and rest amount on the return of land.
The land involved in mega corruption scandal consists of 742 residential plots and 226 commercial plots of four Marla each. EOBI had purchased this land from M/S Vision Developer (Pvt) Ltd for Rs 2600 million. Chief Financial Officer, Company Secretary Imran Anwar facilitated this contract of EBOI with two directors of company named Abdul Aleem Khan S/O Abdul Rahim Khan and Mst. Nasim Khan Widow of Abdul Raheem Khan.
LDA has warned people to stay away from the illegal properties after it received multiple complaints regarding launch of illegal housing schemes. However, no progress has been recorded yet. Although LDA have directed people to get their project approved first by LDA, but no significant impact it had. FIA presented report against housing schemes launched on this controversial land. LDA rejected the revised plan of said housing schemes in Phase II and has not approved this scheme. Read original LINK
LDA has warned people to stay away from the illegal properties after it received multiple complaints regarding launch of illegal housing schemes. However, no progress has been recorded yet. Although LDA have directed people to get their project approved first by LDA, but no significant impact it had. FIA presented report against housing schemes launched on this controversial land. LDA rejected the revised plan of said housing schemes in Phase II and has not approved this scheme. Read original LINK
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