Karachi: The Federal Investigation Agency (FIA) has announced its decision to expedite the investigation process initiated against cases of alleged fraud in various cooperative housing projects in the city, a news source reported. As per the publication, the agency has also issued an official circular which contains further details on the investigation.
This decision was taken during a high-level FIA meeting held earlier this week, after the Supreme Court had directed the authorities concerned to take action against such dishonest housing schemes. As per the shared details, the FIA has been working on 164 inquires against 200 cooperative housing societies facing allegations of scamming people out of billions of rupees.
Most of the cooperative housing schemes in Karachi are accused of having, reportedly, sold amenity plots reserved for providing public services (schools, hospitals and parks etc.) by presenting them as commercial plots. In addition, many plot owners have registered complaints against certain society managements, alleging that they sold the same plot to multiple buyers at a time.
FIA Additional Director Abdul Hameed Bhutto is the focal person for the on-going inquiry against cooperative housing schemes in Karachi. The agency dispatched the notices to expedite the investigative process to the commissioner, deputy commissioner and cantonment boards on Tuesday (December 17).
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.
