LAHORE – The accountability court on Saturday extended the physical remandof Fawad Hassan Fawad, the former principal secretary to ousted premierNawaz Sharif, by 14 days in Rs14 billion Ashiana Housing Scheme scam.

The senior bureaucrat was produced before the court after his two weeksremand ended. The judge while approving the request of NAB extended thephysical remand of the accused.

Fawad was arrested by NAB on July 5. He pressurized chief executive officer(CEO) Tahir Khursheed and Project Director Ali Moazzam of Punjab LandDevelopment Company (PLDC) to cancel the contract with M/S Chaudhry Latifand sons and gave it to Casa Developers.

The government had to pay Rs5.9 million in damages due to allegedcancellation of the contract that further delayed the project.——————————

He also constructed a plaza in Rawalpindi through illegal assets. Fawadneither presented any record before NAB nor was able to respond to theirqueries. Motorway Housing Scheme was illicitly approved at his behest.

He was also charged with relocation of Compressed Natural Gas stations andillegally serving in a bank.

According to NAB, Fawad was taken into custody on ample evidence gleanedfrom statements of co-accused testifying against him while he will beproduced before accountability court on Friday.