ISLAMABAD - National Accountability Bureau (NAB) on Wednesday gave formal approval to hold inquiry into the LED Streetlights Project case against Capital Development Authority.

The decision to this effect was taken in Executive Board meeting of the National Accountability Bureau held under the chair of Chairman NAB Admiral (Retd) Fasih Bokhari, which authorised inquiry in LED Street Lights Project case against CDA. In the instant case in January 2010, the CDA advertised the project for replacement of conventional streetlights with LED lights without any planning and deliberations through CDA’s internal resources. Earlier on May 29, 2012 under its preventive measures, the NAB had advised CDA for strict compliance of its recommendations to scrap the present LED project. The NAB proposed CDA to prepare a new proposal in the light of inputs by a consultant of international repute as a host of newer and cheaper techniques are available in the market. NAB also instructs that non-compliance on their part could attract punitive provisions of the National Accountability Ordinance 1999. Now the prevention department of NAB has recommended to the Board to hand-over the case to Operations Division for regular inquiry / investigation as they apprehend that the civic agency is planning to award the contract against the decision of the honourable High Court Islamabad.

In a case against Haji Adam Jokhio Managing Director, Karim Housing Project Karachi and others the Board accepted Voluntary Return (VR) of Rs 442 million and decided to refer the case to Sindh building Control Authority / Association of Builders and Developers (ABAD) for further necessary action at their end to redress the grievances of allottees.

 In this case the accused persons were alleged for cheating public at large where the society did not handed over the plots to allotees. Even there is no development made at site after lapse of more than 20 years. The society also cancelled plots without intimation to allottees. Since 1990 to date, the accused persons booked plots against heavy amounts from the general public in three housing projects namely M/s Gulshan-e-Elahi, Gulshan-e-Muhammad and Muslim City projects of M/s Karim Housing Project Pvt Ltd.

In another case against Saghir Ahmed Senior Manager HBL, the Board accepted request of HBL for sale/auction of the property of accused person to recover the loss. The Board also directed to deposit surplus auction proceeds with NAB for future settlement with accused persons in case of any claim is submitted. In this case the accused person embezzled Rs 2.548 million through parallel banking. The accused person as manager HBL, PAF Branch Karachi misappropriated various amounts of customers lying in their accounts and credited the embezzled amount into accounts of his family members and other staff. HBL had requested NAB Sindh that accused person’s property is mortgaged with the bank and property documents are in possession of bank. The value of mortgaged property is approx Rs. 2.5 million, therefore, the bank will recover the loss by sale/auction of the property the proceeds of which will be adjusted in bank books.