Faisalabad: Faisalabad Development Authority (FDA) Chairman Asad Moazzam has announced to conduct forensic audit of 275 housing schemes situated in the city, a news source reported. The FDA chairman recently expressed his views on the matter during a press briefing.
In addition to conducting the audit, the chairman also announced to forward these cases to National Accountability Bureau (NAB) for further investigation.
Sharing details on the matter, Moazzam said that approvals were granted to these 275 housing schemes without following the due process. Moreover, the developers also sold several plots without the authority’s approval and did not maintain proper data for these transactions. This has caused a heavy loss to the national exchequer, said the chairman.
The chairman vowed to pursue the case and expose the corrupt people involved in this scam. He also mentioned that as per the rules notified by the FDA, no developer was allowed to initiate development work, let alone sell any plots.
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.
