RECORDER REPORT

PESHAWAR: National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested accused Syed Muhammad Hussain Shah, Chairman, Telephone Industries of Pakistan (TIP) Limited, Haripur for alleged involvement in illegal allotment of plots in TIP Housing Scheme and causing a loss of Rs 360 million to public exchequer.

TIP Cooperative Housing Society/Housing Scheme is built on around 1,025 Kanals of land with approved master plan that further bifurcates between residential area 560 Kanals and area reserved for amenities 406 Kanals.

Accused Syed Muhammad Hussain Shah has allegedly changed the master plan illegally without the approval of competent authority, illegitimately converted amenity sites into residential plots of different sizes i.e. 5, 7, 10 and 20 Marla and issued illegally 145 allotment letters in TIP Housing Scheme.

Accused Syed Muhammad Hussain Shah is also the beneficiary of scheme.