ISLAMABAD -- Chairman National Accountability Bureau (NAB) Justice (r) Javed Iqbal on Wednesday directed the Director General NAB Lahore to conduct inquiry of the alleged corruption of Rs62 billion in Lahore Ring Road (project).
Taking notice of the alleged corruption, the NAB Chairman NAB said that after decision of the Supreme Court about Peshawar Bus Rapid Transit (Peshawar BRT) case, the NAB Peshawar would complete its inquiry about Peshawar BRT case as per law, said a press release issued yesterday.
The Lahore Ring Road is an 85-kilometre-long orbital highway which links to M-2 Motorway and the N5 National Highway and was inaugurated in 2017.
The road encircles the Lahore city and its route is from Babu Sabu to Saggian Interchange, Lahore, Niazi Chowk. From there it runs to Mehmood Booti, passing through GT Road, Canal Bank Road, Harbanspura Interchange, Barki Road, Abdullah Gul Interchange, Allama Iqbal International Airport, Ghazi Road, DHA Phase V and VII, Sui Gas Society, Ferozpur Road, to Hudaira Drain (South) to Halloki, Bahria Town to Niaz Biag.
Recently there were reported that the Auditor General of Pakistan (AGP) has unearthed financial irregularities worth billions during a special audit of the Ring Road project.
The AGP audited the expenditure of the project for 2016-2017 and during the audit, special matters including land acquisition, financial management and procedures, contract management and works and tools collection for the project were scrutinised. The highest amount embezzled was Rs42.38 billion of which no official records were available. However, the Punjab Communication and Works Department has obtained a special audit report of the overall irregularities worth Rs59.39 billion. The financial irregularities of over Rs15.51 billion have been detected in land purchase alone while the financial misappropriation of over Rs4.36 billion has been found in an overvaluation of land.
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NAB Chairman Justice (r) Javed Iqbal Wednesday said...