The National Accountability Bureau has disbursed Rs 1.2 billion to victims of fraudulent private housing schemes.
According to a NAB spokesperson, the payments were made after victims were deprived of their investments through the use of fake documents and bogus allotments. NAB Chairman Nazir Ahmed Butt said the dispute had remained unresolved since 2006. However, it was finally settled due to the bureau’s sustained efforts.
He advised the public to invest their hard-earned money only in government-approved housing schemes to avoid future losses.
In the first phase, NAB transferred Rs 341 million to 476 affectees through pay orders and online banking channels. Officials confirmed that victims received up to 2.5 times more than their original investment, reflecting recovered assets and accrued value.
Overall, 2,200 affected persons are set to receive a total of Rs 1.209 billion under the settlement. NAB has also started verifying claims from additional applicants to ensure transparency and fairness in the process.
The bureau reaffirmed that no legitimate affected party would be denied their lawful dues. NAB officials said the case was resolved after identifying and recovering hidden assets belonging to those responsible for the fraud.
To acknowledge the exceptional performance of officers involved in the recovery, the chairman announced appreciation shields and Umrah packages for selected NAB officials.
