RAWALPINDI (92 News) – The National Accountability Bureau (NAB) Rawalpindi has recovered Rs1.95 billion from film director and producer Lucky Ali – real name Mian Waseem Ali – over housing scheme fraud.
NAB Rawalpindi has made what it claims to be its biggest recovery in a housing scheme fraud ever. It has recovered Rs1.95 billion. An accountability court accepted a plea bargain request by NAB in the multi-billion Lucky Ali scam.
The recovery comes after a plea bargain with film producer. Ali lured people into investing in illegal housing societies and then stole their money. These societies were advertised in the media without a single one being registered with the Rawalpindi Housing Authority.
In October 2019, NAB Rawalpindi had recovered Rs1.95 billion from the management of a housing society after an investigation.
These societies were advertised in the electronic and print media without being registered with the Rawalpindi Housing Authority. Ali lured people into investing in these illegal housing societies and embezzled the money.
NAB had received more than 9,000 claims against the fraudster. He used eleven different names for the societies notably the National House Buildings and Roads Development Corporation which was investigated by the bureay.
During investigation, Ali accepted the crime and submitted an application for plea bargain to Investigation Officer Seemab Qaiser for return of the total liability to NAB. The plea bargain application has been accepted by NAB to the tune of Rs1.95 billion.
NAB said the money recovered will be given back to the fraud victims. Ali married Punjabi film star Anjuman in 2019.
He used 11 different names for the societies, which are:
National House Buildings and Roads Development Corporation
Rawalpindi Housing and Industrial Development Corporation
Central Development Promotion Programme
Defence Valley located at Dhamial Road
National Town Gijra Road
New Islamabad City
Sir Syed Town
Sir Syed Garden
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