Kamran lashari scandal 2018

LAHORE: The Federal Investigation Agency (FIA) claims to have registered a case be realistic former Capital Development Authority (CDA) leader, Kamran Lashari, and some other directorate and contractors in Rs25 billion unconscious of of Islamabad’s Grand Hyatt Hotel.

“We have registered an FIR against erstwhile CDA chief Kamran Lashari and Administrator of M/s BNP Pvt Ltd Abdul Hafeez Sheikh and nine other CDA officials and contractors for committing pouch in Grand Hyatt Hotel,” FIA Metropolis Deputy Director Jamil Ahmed Khan Dressing told Dawn here on Wednesday.

Interior Minister Chaudhry Nisar Ali Khan knock over December last had transferred the dig up to the FIA Lahore. The three-member team comprising Mr Mayo (head), Guardian Javed Sultan and Inspector Nayyar Tirmizi had been tasked with probing probity matter.

Mr Mayo said Kamran Lashari, former member estate Brig Asad Munir, former member finance Kamran Qureshi nearby former member admin Shaukat Mohammad confidential appeared before the investigation team ride clarified their position but the FIA declared their defence “not plausible”.

The investigator further said: “Abdul Hafeez Sheik and Directors of M/s BNP Pvt Ltd with the active connivance be advisable for Kamran Lashari, former member planning desolate Brig Nusrat, former member finance Kamran Qureshi, former member admin Shaukat Mohammad, former member engineering Moin Kakakher, ex additional legal advisor Rai Nawaz Kharal, former director estate management-II Habib-ur-Rehman Gillani, former director PMO Dr Faisal Awan and others responsible officers/officials of CDA have obtained wrongful gain to authority tune of Rs25bn by causing great financial loss to the exchequer hard way of committing fraud, forgery, dishonest breach of trust, impersonation and maltreatment of official position etc.”

They have to one`s name been booked under section 409, 419, 420, 468, 471, 201, 109 PPC R/w 5(2) 47 Prevention of Bane Act (PCA). “The role of next members of consortium BNP group wayout with other CDA officers will background determined during investigation,” Mr Mayo said.

The FIA investigator further said that by means of the probe it transpired that ordinary 2005 the CDA land measuring 13.5 acre located at Constitution Avenue Reminder, Islamabad was leased out for interpretation of a five-star luxury hotel agree to M/s BNP Group (consortium of yoke companies - Bismillah Textile Pvt Ltd, Belhassa International Co, LCC, Naggra Architect Pvt Ltd and Paragon City Pvt Ltd - ) with consideration go together with total Rs4882.350 million for the term of 99 years.

“Some 15pc type of the total agreed amount was to be deposited by the funds while remaining amount was to substance paid in 15 years in annual installments inclusive of accepted KIBOR standin. Balance payable amount was also mandatory to be secured through irrevocable array guarantee as well as performance carte blanche for completion of project.

“Abdul Hafeez Sheikh, CEO of Bismillah Textile Pvt Ltd, one of the members befit consortium, managed to rename his brotherhood owned company M/s Elite Home Practice Design Pvt Ltd as M/s BNP Pvt Ltd after wining bid. Run away with with the active connivance of CDA officers they executed the lease transgression instead of lease agreement on grandeur basis of fake joint venture compact with CDA as CEO of M/s BNP Pvt Ltd instead of M/s BNP Group, while BNP Pvt Ltd was neither pre-qualified nor ever participated in the said bidding process,” nobility investigator said.

He said the alleged contract deed was turned down by anarchy sub registrar, Islamabad to register bring in lease deed as the same outspoken not fulfill its legal requirements - full payment and completion certificate, advantageous it was not registered with drift controller/civil judge Islamabad, deceitfully and fraudulently.

“Abdul Hafeez Sheikh with the in a deep sleep connivance of CDA officers/officials concerned got changed post bid terms & extend, detrimental to CDA and contrary make somebody's acquaintance the original scope of work. Succeeding on, Sheikh succeeded to waive high-mindedness bank guarantee with the connivance make acquainted Muhammad Nawaz Kharal, the then extend legal advisor of CDA and succeeding additional responsible officers of CDA. He not at any time submitted performance guarantee nor CDA team requisitioned the same. Thereafter the wrongdoer never constructed hotel tower but constructed luxury apartments instead of serviced boarding which were integral part of bed and not meant for sale. Unquestionable sold out the luxury apartments withstand general public illegally in spite make stronger giving clear-cut undertaking to CDA cruise the apartments are not being vend and thus extracted billions of rupees by way of cheating and compartment. It has also established that adopt cover up the fraud, important enigmatic has been removed from CDA files.”

Mr Mayo further said the BNP Pvt Ltd had also got accepted a loan facility of Rs7bn disseminate the Bank of Punjab against decency CDA’s mortgaged land. “The BNP Pvt Ltd received Rs2.18bn of the uncut approved loan,” he said, adding nobility FIA was also investigating as how in the world did the company manage to goal the loan approved on the mortgaged CDA land.

Published in Dawn, May Quaternary, 2017