Ring Road scam: Fact-finding body exposes ‘suspicious transactions’ 

By: News Desk      Published: 12:25 AM, 17 May, 2021
Ring Road scam: Fact-finding body exposes ‘suspicious transactions’ 

The Punjab Fact-finding Committee report on the Ring Road scam has exposed ‘suspicious transactions of billions of rupees’ by changing the alignment of the way.

The body report was submitted to Punjab Chief Minister Usman Buzdar Friday who referred it to the National Accountability Bureau (NAB) to dig into it so that criminals could be brought to book.

According to 24NewsHD TV Channel, it report claimed Rs8 billion suspicious transactions were made to give financial advantages to the housing societies on both sides of the proposed Ring Road Atock Loop project.

It added ‘transactions were made by real estate players during buying 11,000-kanal land and there were held total of 490 suspicious transactions and 17 illegal housing societies sold out files of properties against the new alignment of the Ring Road’.

The report suggested the Establishment Division should take disciplinary action against the ex-commissioner as his brother had a link to the Makka City project and he misused the authority to give the financial advantage of RS2 billion to him.

It laid stress on the proper probe against the Rental Syndicate and the role of Major General (R) Saleem Ishaq and Col (R) Asim Ibrahim Paracha to be informed concerning forces and authorities for action.

Reporter: Usman Javed