LDA's swindler group withdraws millions from banks over fake plot documents
The culprits managed in withdrawing Rs10.5 million from banks in terms of loan.
LAHORE (Dunya News) - After jolting Punjab government by making shocking revelations pertaining to largest land scam in the history of Pakistan, Roznama Dunya, this time, has successfully unearthed embezzlement case in which culprits acquired loans from banks on fake files of plots.
Anti-corruption unit Punjab received complaints pertaining to a swindler-group of Lahore Development Authority (LDA) who fabricated stamps, documents and files with intentions of tricking banks for acquiring loans.
The swindler-group succeeded in making forged files of plots due to absence of original ones from LDA’s record.
During the investigation, it was revealed that plots of Johar Town, Allama Iqbal Town and Mustafa Town were specifically used for this illicit scheme.
The culprits managed in withdrawing Rs10.5 million from banks in terms of loan.
Authorities busted swindler-group following detention of LDA’s record-keepers Tahir and Amjad whereas LDA’s former director Ahmad Wattoo, assistant directors Chaudhry Abbas, Naeem Bhutto and Anwar were also involved in plot embezzlement case.
LDA has suspended its serving employees and authorities are searching for bank employees involved in above mentioned case.
Anti-corruption officials say more arrests will be made soon.
