ISLAMABAD - The National Accountability Bureau (NAB) Rawalpindi has recovered Rs 19.5 million from the management of Murree based private housing scheme, Sun City Housing Society, for not carrying out development work at the site of scheme despite getting money from the members, sources privy to the development informed The Nation on Sunday.
The sources said Syed Ali Murtaza, CEO of Sun City Pakistan, had submitted a Rs 30 million Voluntary Return (VR) application to the NAB which was accepted and the accused has paid Rs 19.5 million to the NAB Rawalpindi.
The company had started a housing society under the name of Green Terraces in Murree and approached TMA Murree in 2014 for getting NOC. The company was given the NOC to develop a housing scheme on an area of 1000 kanals in Mouza Manga Tehsil Murree, District Rawalpindi.
The accused started ground work but soon after the 2005 earthquake, the Ministry of Environment, on the direction of Supreme Court of Pakistan, imposed complete ban on new housing schemes, till clearance from Environmental Protection Agency (EPA). The company, however, got approval from EPA in 2008. The company did not development work during the period from 2005 to 2008. The members of the society stopped their payments due to the non-execution of work, and subsequently submitted their applications in NAB for refund of their deposited money.
On the complaints, the NAB took action and auctioned 354 kanals owned by M/s Sun City worth Rs. 500 million. The accused paid Rs 19 million out of Rs 30 million in the shape of VR to NAB.