Pakistan Observer

EOBI scam: SC orders DHA accounts freeze

EOBI scam: SC orders DHA accounts freeze

Saturday, July 20, 2013 - Islamabad—The Supreme Court of Pakistan (SCP) Friday directed the authorities concerned to freeze the accounts of Defence Housing Authority (DHA) in twin cities of Islamabad and Rawalpindi.

According to details, a bench comprising three judges headed by Chief Justice Iftikhar Muhammad Chaudhry heard a suo moto case regarding alleged misappropriation of Rs40 billion in the Employees Old Age Benefit Institution (EOBI).

The apex court during hearing of the case sought details of DHA accounts and ordered the Federal Investigation Agency (FIA) to arrest those responsible in the scam.

FIA Additional Director General (Legal) Azam Khan told court that DHA issued allotment letter of 321 canal land and in return EOBI paid Rs15 billion.

So far, no application has been received to register the case, he added.

Counsel of DHA Ahmer Bilal Sufi sought time from the apex court to submit reply. The counsel also informed the court that DHA paid 11 billion rupees to Bahria Town.

The court objected that how a government institution can hold a partnership with a private entity.

On Saturday, Chief Justice Iftikhar Muhammad Chaudhry took suo motu notice of alleged corruption of Rs40 billion in the EOBI.

The CJP took notice on a note from the Registrar Supreme Court of Pakistan. The note contained the details of a TV programme televised on June 27, 2013 revealing the corruption scandal of more than Rs40 billion in the EOBI.

The note further stated: “The programme alleged multibillion rupees corruption in EOBI in the last three years and that Zafar Iqbal Gondal, Chairman, DG, Investment and DG, HR etc are involved in the scam - Reportedly, they have invested billions of rupees in the private sector, contrary to rules and without the approval of Board of Trustees, and thus plundered more than Rs40 billions.”—INP

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