Ex-CDA head made Rs250m from 'corruption'
23 January, 2014
ISLAMABAD: The Federal Investigation Agency (FIA) has found that former chairman of the Capital Development Authority (CDA) A Farkhand Iqbal had misused his authority and handed over more than 12 plots to a housing society, causing a loss of Rs500 million to the national exchequer.
The FIA has found that Iqbal accumulated his assets by Rs250 million within a few months. He contracted a party illegally to build a road from Sector D-12 to GT Road. Nadeem Hassan Asif, Secretary to the president, wrote to the Cabinet Division on December 9, 2013, recommending legal action against Iqbal for misuse of power.
Iqbal had exempted the owner of Abu Dhabi Tower from paying Rs3.9 million fine in violation of the Supreme Court orders. He took home 66 important files of the CDA and never returned the same.
An assistant officer of the CDA told the FIA that he had mentioned to Iqbal that he could not give 12 plots of the housing society because only the board was empowered to do it, adding that the government could have earned Rs500 million from the sale of the plots. The FIA confirmed to that Iqbal made assets of Rs250 million within a few months, adding that the plots scandal involves billions of rupees.
When contacted in Adiyala Jail, Iqbal said many big names would be uncovered in this scandal. He said that he alone was not responsible for anything. He said his assets should not be linked with the scandal because he was from a wealthy family.