Latest Happenings in DHA City Lahore
Latest Developments DHA City LAhore Nowadays, DHA City Lahore is constantly in the headlines and it is not wrong to state that it has become a bone of contention between investors and the authority. Launched some 5 years ago, the development showed no significant signs of progress. It is also in news that development work is not going to start soon.
However, we have another update for you regarding this project. The National Accountability Bureau (NAB) has arrested a man named Hammad Arshad, owner of Globaco (Pvt) Ltd on charges of corruption and cheating investors. It is disclosed by one news source that Hammad Arshad has offered his service in Nov 2009 to develop DHA City on 25,000 kanals. Globaco was assigned the responsibility to acquire the land for the said project. However, the company failed to fulfil its agreement and managed to purchase only 13,013 kanals and that too in scattered form.
NAB has also alleged Hammad Arshad for issuing allotment letters and collecting Rs15.47 billion from investors, which was further transferred to his personal accounts and used it for his personal gains by investing it in other business ventures. However, no development work has been carried out so far in the society. Hammad Arshad has robbed general public and families of soldiers and deprived them of their hard-earned money.
Currently, there are more than 11,715 registered affectees with the DHA. The DHA Lahore has lodged a formal complaint with the NAB against Globaco. NAB conducted a formal inquiry and included Elysiym Holdings Pakistan Ltd of Kamran Kayani and other companies in this land scam. NAB stated that it is also investigating the role of other beneficiaries in this case and will include them after completing the investigation.
It is clear that DHA Lahore, the main complainant in the case, would not move on this matter without authorisation from the higher military officials. It shows the seriousness of the matter.
Certainly, the matter is more than mere rumour but we can also not denote .