fbpx
Join eProperty WhatsApp Channel

Join Pakistan’s Most Popular Whatsapp Channel for Property New Updates and Daily Prices

HOT | PLOTS | BOOKINGS | UAN: 03 111 042 111

eProperty®

Learn, Share & Grow

CBD Lahore Master Plan Map

Rawalpindi: NAB urges citizens not to invest in fake housing societies

National Accountability Bureau (NAB) Director General Rear Admiral Zakaullah has urged the citizen not to invest their hard earned money into fake housing societies without proper verification and conformation.

He expressed these views while addressing a cheque distribution ceremony to the affectees of 461 Mega Securities and 13 Nizami Town here at NAB building Rawalpindi on Thursday.

Addressing the ceremony the director general urged the citizens to beware of the fraudulent and fake societies advising that before investment consult with the NAB or relevant authorities to avoid any untoward situation.

He informed that NAB was the voice of downtrodden people and it help facilitate the poor segments of the society.

It is pertinent to mention that Mega Securities (Pvt) Ltd caused a loss of Rs72.77 million to its 461 investors by disposing of their share without knowledge. Therefore, Rs7.64 million were distributed among the affectees of Mega Securities.

In the case of Nizami Town, the management announced a housing scheme in 1993 and collected millions of rupees from people for the allotment of plots.

But out of 400 kanals the society could arrange only 44 kanals of land, which was transferred to a few members of the society. In all an amount of Rs18.7 million has been recovered and disbursed among affectees.

Source: The News

Rawalpindi: NAB urges citizens not to invest in fake housing societies
eProperty WhatsApp Community

Join the eProperty Community for daily Pakistan Property rate updates, the latest developments, and news.

eProperty WhatsApp Community

Property buying and selling was never easy before; simply connect with our WhatsApp hotline for absolutely free property consulting. Please save this number, +923111042111 in your contact list to get regular updates from us; otherwise, you will not receive any updates.

Rawalpindi: NAB urges citizens not to invest in fake housing societies
Scroll to top
Open chat
WhatsApp Hotline
السلام عليكم ورحمة الله وبركاته

مہربانی فرما کر ہمارا نمبر 00923111042111 اپنے موبائل کی رابطہ لسٹ میں محفوظ کر لیں۔ اگر یہ نمبر آپکے موبائل کی رابطہ لسٹ میں محفوظ نہی تو آپ کو ہماری طرف سے تازہ معلومات موصول نہی ہوں گی۔

Kindly save this number in your contact list for future updates. You will not received our WhatsApp updtaes if this number +923111042111 is not saved in your contact list.

Atif Iqbal from eProperty®