Nexus of Fawad Hassan, JS Group exposed in corruption of billion rupees

29 Aug, 2018 2:22 pm

LAHORE (92 News) – The shocking revelations exposed in the investigation against former principal secretary of prime minister Fawad Hassan Fawad.

According to the report of Roznama 92 News, the National Accountability Bureau (NAB) obtained proofs of the nexus between Pakistani envoy to US Ali Jahangir Siddiqui and Fawad Hassan Fawad in corruption of billions rupees.

Roznama 92 news exposed that close aide to Sharif family Fawad took the support of a commercial plaza worth Rs 12 billion at Sadar in Rawalpindi for converting black money into white. It added that the commercial plaza was purchased and constructed with the help of JS Group and its subsidiaries.

It was also reported that the former principal secretary transferred the ownership of plaza to his family through JS Group Companies in different phases. Fawad Hassan Fawad acquired worth Rs2.85 loan from JS Bank, Sindh Bankand Summit Bank.

It was also revealed that Ali Jahangir Siddiqui transferred Rs150 million to Fawad Hassan Fawad using Sprint Services Rawalpindi Limited.

Earlier, the NAB arrested senior bureaucrat Fawad Hassan Fawad in various corruption cases, including the Rs 14 billion Ashiana Iqbal Housing Scheme scandal.

The former aide to the Sharif brothers was also allegedly employed by Bank Alfalah although his request had been declined by the secretary establishment, and Sprint Energy (a JS Group subsidiary), where he allegedly prepared fake no-objection certificates for transfer of the site of a CNG pump from one district to another.

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