LAHORE The FIA Karachi has registered a case against the bona-fide owner of land piece of worth Rs 500 millions instead of bankers and cheaters who prepared fake documents of the said property and issued loan worth Rs 400 million. Naeem Ashraf Rana, a resident of Lahore who claimed to be the real owner of the land said, I have become a rolling stone between FIA Karachi and FIA Lahore and despite being real owner of the property had to get bail from court as a case has been registered against me with FIA Karachi while cheaters are roaming freely. Sources claimed that FIA Lahore Director Waqar Haider despite completion of inquiry process of the scam could not order to register a case against bankers and cheaters due to reasons best known to him. Due to the delay in registration of case, the cheaters managed to get a case registered against real owner and are harassing him. Rana in his statement said that he was exclusive and absolute owner in possession of plot No. 6-E/lI, Gulberg Ill, Lahore since November 4, 2001, vide Sale Deed document No 8614, Book No 1, Volume No 3826, registered on August 24, 2001 with Sub-Registrar Model Town, Lahore. On December 8, 2010 he received a phone call from Nabeel Anwar of UBL M M Alam Road Lahore who inquired about the ownership of the said plot/property and also mentioned that the property was being auctioned. He rushed to his office and presented all the original documents and also provided him copies of all the documents. In this respect, a legal notice was also served upon the UBL on the same day. Nabeel showed to him few forged documents but refused to give him a copy of the same. Later on the facts became unearthed that Bank without due diligence and proper verification of titled documents, site plan and physical inspection of the above mentioned property, sanctioned an amount of Rs 400,000,000 on the basis of forged and fabricated documents to PAK ROCK OIL TRADING CORP (PVT) LTD. He said, To my surprise instead of taking stern legal action against the miscreants, on the very next day of receiving the legal notice December 8,2010, the Bank rushed to the court for finalisation of its fraudulent auction proceedings to the single bidder to cover their own misdeeds in connivance with the debtors. This act of the bank officials speaks volume about negligence, connivance and abetment on part of bank officials in collusion with the debtors. He said he immediately went to Karachi and filed objection petition in the Sind High Court from where consent decree was announced. The court instantly stopped auction proceedings and on January 10, 2011 and subsequently on January 21, 2011 ordered Director General, Lahore Development Authority to verify the documents and bring the original property file to the court. On next date of hearing, Additional DG LDA, Director LDA and their legal advisor presented a complete report to the court and provided a copy of original file for court record and necessary action. On January 8, 2011, he said he filed a formal complaint with the FIA Lahore to thoroughly investigate the matter and bring all the culprits to book and save real owner of the property from loss. After investigation, FIA Lahore Director on February 20, 2011 issued a verification report. Investigation has already been completed by FIA Lahore and CFR is ready for FIR. Naeem Ashraf Rana said bank officials are trying to save their own skin and implicated him and Khawaja Shahid Mahmood in FIR No 7/2011 registered with FIA Karachi just to harass them so that they might distant away from the property and they can get away with this clausal fraud.