Accused Saleem Faisal becomes approver in Park Lane scam
ISLAMABAD (92 News) – Saleem Faisal, an accused of the Park Lane scam, has decided to become an approver.
He has submitted an application to the NAB to become the approver.
In a statement to the NAB, Saleem Faisal said that he accomplished all tasks on the orders of the Park Lane administration.
He disclosed that he had obtained the loan worth billions of rupees in the name of International Business and Shopping Centre and later misappropriated the loan amount by declaring the plaza a defaulter.
Saleem Faisal said that Asif Zardari and Bilawal Bhutto have 25-25% partnership in Park Lane.
M/s Park Lane Estate Company (Pvt) Ltd and others on the allegation of illegal transfer of land measuring 118K-14M of compartment No. 34 & 35 of Punjab Forest Department by CDA officials to M/s Park Lane Estate Company (Pvt) Ltd.
According to Securities and Exchange Commission of Pakistan’s (SECP) record, Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari and former president Asif Ali Zardari are 50 per cent shareholders of M/s Park Lane Estate Co (Pvt) Ltd.
During the course of investigation, it was revealed that the revenue officers, in connivance with CDA officers, on application from M/s Park Lane Estate Company (Pvt) Ltd, illegally extended undue benefit to M/s Park Lane Company (Pvt) Ltd through demarcation and handing over possession of 118K-14M forest land. The revenue officers, in order to extend an illegal favour to M/s Park Lane, forged and tampered the revenue record while on the other hand, the CDA officers, by misusing their authority, handed over the possession of the state land to M/s Park Lane Estate.
The manager, attorney holder and director of M/s Park Lane Estate Company (Pvt) Ltd were repeatedly summoned, however, they willfully avoided joining the proceedings of the anti-graft body.