LAHORE: An accountability court on Thursday granted 11-day remand of a prime suspect of the Grand Avenue Housing Society scam in the custody the National Accountability Bureau (NAB).
The NAB Lahore had arrested proclaimed offender Babar Sajjad on Wednesday. The prime suspect was wanted in this case since last year.
The NAB said Babar Sajjad allegedly sold out 1,750 files of the Grand Avenue Society thus causing a loss of worth Rs360 million to the general public.
During the course of investigation, the NAB had got cancelled pre-arrest bail of the accused from the Lahore High Court, however, he remained at large for several months with a liability of Rs360 million.
The NAB Lahore’s investigation team has recovered Rs900 million in this scam so far which has been disbursed among the affectees.
On Thursday, a NAB team presented the suspect before Accountability Court Judge Zubair Shahzad Kiani and secured his physical remand till May 2 for the recovery of plundered money.
Published in Dawn, April 21st, 2023
