KARACHI: The National Accountability Bureau (NAB), Karachi, has initiated an
inquiry against the M/s
Fazaia Housing Scheme, Karachi, a private
Housing society, to address the grievances of victims.The spokesman for NAB Karachi said that the Bureau had requested to initiate a fresh
inquiry against M/s
Fazaia Housing Scheme, Karachi, and others. In view of huge number of victims i.e. 6,000 and involving an amount of
Rs13 billion invested by the general public, the chairman NAB has been requested to initiate a fresh
inquiry into the allegations of cheating public at large to provide relief to the victims of the above-mentioned
Housing scheme. NAB will investigate how a private
Housing society was permitted to use the name of Fazaia. The NAB Karachi is determined to complete the
inquiry at a fast pace and hold accountable all the persons involved. Further investigations are underway.
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