ISLAMABAD: The National Accountability Bureau on Tuesday arrested former Capital Development Authority chairman Engineer Farkhand Iqbal in Park Lane reference which revolves around former president and Pakistan Peoples Party co-chairman Asif Ali Zardari.
In June, an accountability court in Islamabad issued his arrest warrants over his repeated absence in the reference which involves awarding 642,510 square feet of state-owned land to Park Lane Estate Private Limited.
According to the dirty money watchdog, Iqbal was arrested from Rawalpindi.
It further said Iqbal, by way of neglecting the environmental wing’s report, awarded the land to the company.
An offshoot of the fake bank accounts case, the reference accuses Zardari of being involved “in extending loan and its misappropriation by M/s Parthenon Private Limited, M/s Park Lane Estate Private Limited and others”.
The reference alleges that Iqbal, former member of CDA board Abdul Aziz Qureshi, director general Ghulam Sarwar Sandhu, former director Mehboob Ali Khan and Waqar Ali Khan caused a loss of Rs71 million to the national exchequer.
As many as 11 people have been accused of allotting plots in violation of rules and procedures.
