LAHORE - The National Accountability Bureau (NAB) failed to finalise Rs 117 billion DHA Valley scam pending with it since 2010, said a complainant in the case yesterday.

Former Islamabad DHA Director Engineering Col (r) Tariq, who is a complainant in the case, said the National Accountability Bureau (NAB) failed to finalise 150 mega corruption cases by October 15, 2015, contrary to the undertaking given by it to the Supreme Court of Pakistan.

He said the Supreme Court had sought a report from NAB about 150 mega corruption cases, including DHA Valley case, last year, and the probe agency had assured the court of finalising the same by October 15, 2105.

He said though NAB had been given a free hand by the army chief to take action across the board against those involved in corruption, no notable development was made. He said the case had been with NAB and FIA since 2010, but could not be finalised as yet.

Expressing his disappointment over the investigation pace of NAB into the DHA Valley case, the complainant said after the arrest of Hammad Arshad there was no major breakthrough in the matter. He believed that former army chief and his brother were equally responsible for the said irregularities.

When contacted, a spokesman for NAB said, “We are pursuing the case and have taken the official record into custody. Accused Hammad Arshad has not blamed the former army chief or his brother for their alleged involvement in the case. Now it will be examined through record whether or not there is any type of involvement of the said persons.” About the slow pace of investigation, he said it was personal opinion of the complainant.

NAB said Hammad Arshad, the owner of Globaco (Pvt) Ltd, had been arrested on the charges of corruption and cheating people, adding he was being investigated.

“Hammad Arshad offered his services and executed an agreement with DHA EME (Lahore) in Nov 2009, in which the parties agreed to develop the DHA City on the land measuring 25,000 kanals. His company, Globaco, was assigned the responsibility to acquire the land, but he failed to honour the agreement as he purchased only 13,103 kanals and that too in a scattered form,” the NAB spokesman added.

“He issued allotment letters and collected money from the general public to the tune of Rs 15.47 billion. Later, Arshad transferred the money to his personal accounts, used it for his personal gains and invested in other business ventures,” he alleged.

There are more than 100,000 registered members affected by the scam, Col Tariq claimed and added that embezzled amount was more than Rs 117 billion. “I have filed a contempt petition with the Supreme Court against NAB for not finalising cases by October 15, 2015,” said Tariq.