CDA 'quotation scam' runs into billions.
ISLAMABAD -- As the investigation into one of the biggest scams in the history of the Capital Development Agency (CDA) inches forward, the investigators were startled to find out that at least Rs20 billion were spent on development work carried out through the quotation system.
Under the quotation system, the civic agency is allowed to carry out emergency work, such as maintenance of street lights and water lines, without floating tenders.
It, however, cannot exceed Rs500,000. CDA's various wings while bulldozing all the rules and regulations got 'development work carried out through quotation instead of the open bidding process', allegedly causing loss to the exchequer, sources said.
Initially, it was revealed that only Rs5bn was released under the quotation system, but upon further...
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