ISLAMABAD: Shaheen Foundation Managing Director (MD) Air Marshal (retd) Muhammad Jamshaid Khan called on National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry at the NAB Headquarter where the NAB chairman presented him a cheque of Rs43 million which will be returned to the affectees of M/s Shaheen Foundation.
The NAB has returned Rs630 million to Shaheen Foundation recovered from the present management of Al-Hamra (Pvt) Ltd and Management of Eden Builders PVT Ltd.
In a case of Al-Hamra (Pvt) Ltd and Management of Eden Builders PVT Ltd, the NAB Rawalpindi has successfully pursued the management to release the recovery of Rs1832.168 million along with the profit of Rs573.412 from the present management of Al-Hamra (Pvt) Ltd, Al Hamra Avenue Pvt Ltd through its chief executive and others.
Previous management of the said companies deceived the Shaheen Foundation and its 700 members by inducing them to book the plots in their projects and received Rs1258 million (approx). The subject accused has failed to hand over the plots to Shaheen Foundation rather the land was sold to other parties.
During the inquiry proceeding the present management of Al-Hamra (Pvt) Ltd, Al- Hamra Avenue Pvt Ltd were willing to return Rs573 million as a profit in addition to a principal amount of Rs1258.758.