PESHAWAR (APP): National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested accused Syed Muhammad Hussain Shah , Chairman, Telephone Industries of Pakistan (TIP) Limited, Haripur for alleged involvement in illegal allotment of plots in TIP Housing Scheme and causing a loss of Rs.360 million to public exchequer.
Telephone Industries Pakistan Cooperative Housing Society/Housing Scheme is built on around 1025 Kanal land with approved master plan that further bifurcates between residential area 560 Kanal and area reserved for amenities 406 Kanal.
The accused Syed Muhammad Hussain Shah has allegedly changed the master plan illegally without the approval of competent authority, illegitimately converted amenity sites into residential plots of different sizes i.e. 5, 7, 10 and 20 Marla and issued illegally 145 allotment letters in TIP Housing Scheme.
The accused Syed Muhammad Hussain Shah is also the beneficiary of scheme.
The accused person will be presented in the Accountability Court Peshawar for obtaining his physical remand.