Authorities allege illegal sale of luxury apartments and deliberate concealment of records, implicating senior officials and private developers in a multi-billion rupee fraud case.
A major real estate scandal has surfaced in the federal capital, with investigators alleging that luxury apartments were illegally sold to the public in violation of official commitments, resulting in a fraud worth approximately Rs25 billion.
According to preliminary findings, the project’s owner, Abdul Hafeez Pasha, is accused of selling high-end apartments despite clear undertakings submitted to the Capital Development Authority (CDA) stating that the units would not be offered for sale. Authorities claim the alleged deception enabled the extraction of billions of rupees from buyers under false pretenses.
Investigators further allege that critical records were tampered with or removed to conceal the irregularities, complicating efforts to trace financial transactions and administrative approvals. The disappearance of key files is being treated as part of a broader attempt to cover up the alleged fraud.
The case has widened to include several former senior officials and executives. Among those named are Abdul Hafeez Sheikh, CEO of M/s BNP Pvt Ltd, along with company directors and former CDA officials, including ex-chairman Kamran Lashari and multiple former members responsible for planning, finance, administration, and engineering. Other individuals linked to estate management and the Prime Minister’s Office have also been implicated.
Authorities allege that the accused, acting in collusion, caused significant financial losses to the national exchequer while securing unlawful gains. The charges include fraud, forgery, criminal breach of trust, impersonation, and destruction of evidence under multiple sections of the Pakistan Penal Code.
Officials say the case is currently at a prima facie stage, and further investigations will determine the involvement of additional members of the consortium and other stakeholders. Legal proceedings are expected to intensify as investigators work to establish accountability and recover losses.
The scandal has raised serious concerns about regulatory oversight in the capital’s real estate sector, with experts warning that such cases could undermine investor confidence and highlight systemic weaknesses in governance and enforcement.
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