The new reference pertains to a project titled ‘Pink Residency’ in Karachi’s Gulistan-e-Jauhar area. The accused named in the NAB reference include Aftab Memon, a former secretary of the Sindh Land Utilisation Department, and Omni Group’s Abdul Ghani Majeed. One of the plots measured 23 acres, while the other was of seven acres, according to the NAB reference. In the reference, NAB estimates that the illegal land regularisation and consequent sale inflicted a loss of Rs4 billion on the national exchequer. The Pink Residency reference is the second to be filed in the fake accounts case.

Source: Pakistan Today April 08, 2019 15:22 UTC