Islamabad: AUGUST, 2, 2018: NAB Rawalpindi has arrested accused persons namely Rana Ghulam Farid, President Ministry of Commerce Employees Cooperative Housing Society (MOCECHS), Syed Amir Hussain Shah, Ex-Vice President/ General Secretary MOCECHS, Mazhar Hussain, General Secretary, MOCECHS, Muhammad Akram Awan Ex- Executive Member/Member Development Committee MOCECHS, Muhammad Arshad, CEO M/s Sun Shine Real Estate Marketing (Pvt) Limited and Khushnawaz Property Dealer have been arrested. The accused persons in connivance with each other have been allegedly involved in corruption and corrupt practices in allotment of plots, embezzlement of society funds and illegal award of contracts for Development works thus causing loss of Billions of Rupees to the members/public at large.
As per details, multiple complaints have been received in NAB regarding allegations of misuse of authority in the award of development contracts, allotment of plots and embezzlement of society funds against the management of the society. During the investigation, it was revealed that accused Rana Ghulam Fareed, the then President MOCECHS in connivance and collaboration with others illegally accommodated and awarded contract of consultancy services to M/s Naveed Aslam & Associates without competitive bidding in gross violation of by-Laws of t Ministry of Commerce Employees Cooperative Housing Society (MOCECHS). The society has received millions of rupees from members whereas the same has been embezzled by the accused persons instead of spending on purchase of land and development works of the society. Moreover, accused persons also illegally allotted plots without balloting.
The investigation also revealed that Rana Ghulam Fareed in connivance with other accused persons transferred dozens of files amounting millions of rupees on bogus cheques as well as made double allotments. Furthermore, Rana Ghulam Fareed in connivance and collaboration with other accused persons also allegedly involved in the transfer of 94x memberships on the basis of fake and bogus documents and without the knowledge of owners. It is also established from the available evidence that the accused persons in connivance with each other have committed an offense of cheated public at large and criminal breach of trust under the provision of NAO, 1999. Today, the accused were produced before Accountability Court, Rawalpindi on 02.08.2018 and 07 days remand granted by Accountability Court, Rawalpindi into NAB custody. DG NAB Rawalpindi has said that in light of the directions of worthy Chairman NAB, Justice Javad Iqbal all out efforts are being made to arrest the corrupt and recover looted money as per law.