The Lahore High Court (LHC) on Tuesday (June 18) rejected a bail petition filed by Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Saad Rafique and his brother Salman Rafique in connection to the Paragon Housing Society scam.
On December 11, 2018, the National Accountability Bureau (NAB) arrested Saad Rafique and his brother Khawaja Salman Rafique from the LHC premises after the high court had dismissed their request for an extension in the pre-arrest bail in corruption cases.
NAB, while revealing grounds for their arrest stated that Khawaja brothers had started a housing project named Air Avenue – which was later on changed into Paragon City Limited. NAB has maintained that the record showed that it was an illegal housing society. The anti-graft body has accused Khawaja brothers and others of defrauding large members of society. NAB said that the accused also embezzled the illegal housing society projects funds for personal gains, adding that the accused were collecting heavy amounts despite clear directions from the Lahore Development Authority (LDA).
NAB has named Khawaja brothers as the main suspects in the corruption reference filed earlier this year. NAB has accused Khawaja brothers of wrongfully gaining approximately Rs18.2 million from M/s Paragon City (Pvt) Limited in their bank accounts and they failed to account for the illegal gains.
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14 September, 2019