Lahore: Rs1b housing society fraud accused remanded
LAHORE: Civil Judge Zafer Iqbal on Wednesday granted four-day physical remand of Prof Dr Iftikhar Baig of Shalimar College and former chairman of the Rawalpindi education board, an accused of depriving 4,500 people of Rs 1 billion in the name of a ghost housing society ‘Education City.’ On Wednesday, Investigation Officer (IO) Inspector Rana Fawad of anti–corruption department produced the said accused before the court. The IO sought 10–day physical remand of the accused to carry out investigation.
However, the court has granted four-day physical remand of the accused, directing the authorities concerned to produce him again before the court by March 17 along with the investigation report. A large number of affectee, including Muhammad Younis Chisti, Raja Abbas Ali, Muzaffar Ali, Muhammad Sajjad Akhtar, Prof Rubina Attique, Munawar Ali, Rashid Iqbal, Prof Mumtaz Muhammad Islam, Janat Bibi, Muhammad Aslam Yasin and Muhammad Aslam Iqbal, were also present at the occasion.
The accused was at large and was arrested by anti–corruption department on Tuesday from MAO College where he was present to join a sports day ceremony as chief guest. An FIR, 17/11, had been registered against the accused in Rawalpindi by Raja Abbas Ali. The FIR stated that Dr Iftikhar and his accomplices had launched a fraudulent housing scheme, named Education City, over 4,000 kanals of land on Fateh Jang Road near Islamabad airport. They launched the project with the help of an NGO and around 4,500 people were deprived of Rs 1 billion. Partners of Dr Iftikhar included MAO College’s Professor Syed Ishfaq Hussain Shah, former finance department employee Nazir Ahmed, Zubaida Baig, the wife of Dr Iftikhar, Lubna Tirmizi and Shamim Akhtar. Each victim of the scam had paid Rs 61,000 to the ‘owners’ of the Education City, Rs 50,000 in advance and Rs 1,000 as a membership fee and Rs 10,000 in commission.