Faisalabad: Real estate developers of 266 private housing societies and officials from six public offices are being investigate for an alleged scam of PKR 20 billion, a news source reported. The investigation is being carried out by the Anti-Corruption Department.
Reportedly, the investigation is based on a report submitted by a concerned department regarding the scam. Based on this report. Anti-Corruption Department regional director has formed an enquiry committee. This committee will seek and scan records of real estate developers and the departments allegedly involved in the scam.
According to this report, real estate developers in the city have been involved in a scam of PKR 20 billion by teaming up with officers from various departments operating in the city to manage revenue, waters, approvals, and municipal services.
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Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
