Judicial orders against Fazaia Housing Scheme – Daily Notable
Court has ordered to return the investments of investors within the span of six months, otherwise, National Accountability Bureau (NAB) Karachi will start investigation. Judiciary has ordered to take vital actions for Fazaia Housing Scheme Karachi (FHSK).
However, Directorate of Estate Projects, Air Headquarters, Pakistan Air Force (PAF) accepted the orders of illustrious High Court of Sindh. As a result, initiated the refunding procedure.
Litigation for Fazaia Housing Scheme
Litigation for Fazaia Housing Scheme (FHSK) took place on 19th of May, 2020.
Sindh High Court (SHC) ordered to return the money of investors within 6 months. Otherwise, National Accountability Bureau (NAB) will start its investigations under National Accountability Ordinance 1999 (NAO).
Tanveer Ahmad and Bilawal Tanveer released from jail on their agile return of investment, Sindh High Court (SHC) ordered.
In contrast, Pakistan Air Force Spokesperson said, “Directorate of Estate Projects, Air Headquarters, Pakistan Air Force welcomes the orders passed today by Honorable High Court of Sindh for commencement of immediate refund to the affectees of Fazaia Housing Scheme, Karachi as per its insistence and persistent efforts.
Throughout the process, the Directorate of Estate Projects, Air Headquarters, PAF has made substantial efforts in securing the interest of Fazaia Housing Scheme, Karachi affectees and would continue to remain involved until the completion of the refund process in the interest of General Public.”
Here’s a misconception regarding the involvement of PAF in Fazaia Housing Scheme (FHSK) in relation with Maxim properties from 2015.
Intriguing facts of Project
Here are some intriguing facts about this illegal project that would definitely surprise you:
Dual charges, the Directorate of Estate Projects also performs duty as the Directorate of Air Headquarters, Islamabad.
The exclusive tasks base on non-profit projects, including the cadre, the survival of warier and Mujahids and the assistance of the destitute.
The Directorates never involve in any kind of profitable schemes. They always work in the interest of public welfare.
Fazaia Housing Scheme incepted with Maxim properties. The latter had to administer land for project.
The Directorate was not involved in any kind of purchasing and selling of land, as it is against its duties.
The emergence of Bahria Town Karachi case attracted the attention of Directorate and made him notice the land project of Fazaia Housing Scheme (FHSK).However On investigation it was found that the scheme comprised of three hundred and seventy acres (total land), with a division of fifty-five acres of private land and one hundred and ninety-four acres of state land.Moreover In 2019 on the disclosure of this fact, the scheme was adjourned at first hand.
The point to ponder is that the Directorate has given its affidavit, as well as, filled complaint with General Public in NAB. However according to contract, each and every kind of refunding was under Maxim.
The Fazaia Housing Scheme (FHSK) is under the consideration of Sindh High Court (SHC).
M/s Maxim has presented its affidavit in Sindh High Court (SHC) for refunding of investment of General Public. They have claimed that in case of any discrepancy, Maxim will provide the expenditure itself.
Top managers of Maxim Properties, Ahmad Tanveer and Bilawal Tanveer kept under consideration, before that pseudo.
They have cheated almost 18 Billion rupees, in the name of plots and other liabilities and this matter shall come up on 23rd of November, 2020 when the chairman NAB shall submit progress report. – PUNA