LAHORE - 10 days Physical remand of Fawad Hassan Fawad, former principal secretary to ex-Prime Minister Nawaz Sharif in Ashiana-Iqbal Housing Scheme scam has been given by Accountability Court.
NAB officials produced Fawad before the court and pleaded it for extension in his physical remand to carry out investigations.
The court after hearing the plea extended his physical remand. NAB officials had arrested Fawad, accusing him of concealing the report of an inquiry committee about the contract from senior officials due to his mala fide intention. The inquiry committee had been working under the supervision of the then Finance Secretary Tariq Bajwa.
According to the findings of the inquiry committee, the contract awarded to Ch Latif and Sons was legal and approved as per rules. The contract of the Ashiyana Iqbal project was suspended eight months after it was approved and awarded. The contractor, Ch Latif and Sons, had paid Rs 70 million in advance as mobilization charges. The work was also in progress when the contract was suspended.
The “illegal actions” taken by Fawad Hassan Fawad delayed the project and multiplied its cost.