NAB asks Eden owner to pay Rs16bn in plea bargain

Published June 13, 2021
NAB Chairman retired justice Javed Iqbal is likely to distribute Rs900 million among the affected people of the Gujranwala Motors case next week. — NAB website/File
NAB Chairman retired justice Javed Iqbal is likely to distribute Rs900 million among the affected people of the Gujranwala Motors case next week. — NAB website/File

LAHORE: Eden Garden Housing Limited owner Dr Amjad who had fled the country three years ago to escape arrest in the housing scam case, returned to the country and had a meeting with the National Accountability Bureau (NAB) on Friday to seek a plea bargain.

“After securing a protective bail Dr Amjad held a meeting with the NAB Lahore and sought a plea bargain (PB) worth Rs9bn. The NAB rejected his request and asked him to pay at least Rs16bn (in plea bargain),” a source told Dawn on Saturday.

Dr Amjad was of the view that he had already compensated some of the affected people that was why he requested for Rs9bn. Rejecting his request, the NAB said it would not agree on less than Rs16bn, the source said and added that earlier Dr Amjad before coming to Pakistan had requested for plea bargain worth Rs13bn. There are more than 11,000 affected people of Eden society.

Dr Amjad and his sons fled to Canada in 2018 after the Ministry of Interior did not place their names on the Exit Control List despite NAB’s request. Subsequently, NAB seized property of the Eden Garden Housing Limited worth more than Rs15bn and announced that it would start compensating the affected people.

The PTI government had given hope to the affected people of retrieving their hard-earned money.

Meanwhile, NAB Chairman retired justice Javed Iqbal is likely to distribute Rs900 million among the affected people of the Gujranwala Motors case next week. The NAB had a PB worth Rs2bn with the Gujranwala Motors.

Published in Dawn, June 13th, 2021

Opinion

Discipline and punish

Discipline and punish

The larger issue is that many within the police and the state view the role of the police as not one of service but of control.
The truly worrying malware
Updated 27 Jul 2021

The truly worrying malware

It’s excessive to hope that governments will surrender even when caught with their hands on the till.
Appointing VCs
27 Jul 2021

Appointing VCs

For VCs of yore, it was more than a job assignment.
Giving peace a chance
Updated 26 Jul 2021

Giving peace a chance

So long as Afghan government forces do not collapse in the face of the Taliban’s military assaults, diplomacy will have a chance.

Editorial

AJK’s ugly elections
Updated 27 Jul 2021

AJK’s ugly elections

All party leaders focused on insulting their rivals instead of talking about issues concerning the AJK electorate.
27 Jul 2021

Refugee concerns

AS Afghanistan slips back into chaos with a rapid Taliban advance, the possibility of refugees spilling over into...
27 Jul 2021

ECP vacancies

FEARS of yet another deadlock between the PTI government and the opposition on the selection of successors for...
26 Jul 2021

Senior citizens’ law

FOR all the cultural emphasis on respect and consideration for our elders, the state itself extends little by way of...
26 Jul 2021

Grim Covid realities

YET another grim milestone was reached last week when we became the 30th country in the world to mark a million...
Islamophobia envoy
Updated 26 Jul 2021

Islamophobia envoy

By calling for the appointment of a special envoy to counter Islamophobia, US lawmaker Ilhan Omar has raised a pertinent issue.