Inquiry authorized on alleged illegal transfer of state land

Islamabad, December 11, 2018 (PPI-OT): NAB has stated that an inquiry was authorized against Officers/officials of CDA, M/s Park Lane Estate Company (Pvt) Ltd. and others on allegation of illegal transfer of land measuring 118K-14M of compartment No. 34 and 35 of Punjab Forest Department by CDA officials to M/s Park Lane Estate Company (Pvt) Ltd. According to SECP record, Mr. Asif Ali Zardari and Mr. Bilawal Bhutto Zardari are 50% shareholders of M/s Park Lane Estate Co. (Pvt) Ltd.

During the course of investigation, it revealed that the Revenue officers in connivance with CDA officers, on application from M/s Park Lane Estate Company (Pvt) Ltd, illegally extended undue benefit to M/s Park Lane Company (Pvt) Ltd through demarcation and handing over possession of 118K-14M forest land. The Revenue officers in order to extend illegal favor to M/s Park Lane forged and tampered the revenue record while on the other hand, the CDA officers by misusing their authority handed over the possession of the state land to M/s Park Lane Estate. The Manager, Attorney Holder and Director of M/s Park Lane Estate Company (Pvt) Ltd were repeatedly summoned; however, they have wilfully avoided joining the proceedings of NAB.

For more information, contact:
National Accountability Bureau (NAB)
Attaturk Avenue G-5/2, Islamabad, Pakistan
Tel: +92-51-111-NAB-NAB (111-622-622)
Fax: +92-51-9214503
Email: chairman@nab.gov.pk, infonab@nab.gov.pk
Website: www.nab.gov.pk