{"id":18506,"date":"2016-01-12T17:56:24","date_gmt":"2016-01-12T12:56:24","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=18506"},"modified":"2017-12-11T12:30:31","modified_gmt":"2017-12-11T07:30:31","slug":"army-chief-supports-probe-into-dha-valley-scam-where-is-the-project-heading","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/army-chief-supports-probe-into-dha-valley-scam-where-is-the-project-heading.html","title":{"rendered":"Army chief supports probe into DHA Valley scam \u2013 where is the project heading?"},"content":{"rendered":"

\"DHA<\/a><\/p>\n

We at Zameen.com have been updating you on all the ins and outs of DHA Valley for quite some time now. We understand your concerns about the project as you haven\u2019t been able to get possession of your properties even after waiting for years.<\/p>\n

Today, we are going to shed some light on the recent go-ahead given by Chief of Army Staff (COAS) General Raheel Sharif for action against civilians and military officials involved in the PKR 62 billion DHA Valley scam.<\/p>\n

According to a National Accountability Bureau (NAB) official, the COAS conveyed a message to the NAB chairman that no one involved in the scam be spared.<\/p>\n

This raises an obvious question in my mind: Will NAB flex its muscles against Malik Riaz? Only time will tell what future holds in store for him.<\/p>\n

Issue of Dadocha Dam<\/strong><\/p>\n

According to a news source, a retired Army officer submitted a complaint to NAB about the development of DHA Valley on the land allegedly allocated for the Dadocha Dam. Following this, the bureau authorised an inquiry in July 2012.<\/p>\n

The case was later heard in July 2015 by a two-judge bench of the Supreme Court. The court sought explanations from both NAB and the Punjab government. I have no further\u00a0clue about any further legal developments in the case.<\/p>\n

Needless to say, Dadocha Dam has become a subject of dispute and only an official announcement, in this regard, from the Defence Housing Authority (DHA) will clarify its status further. For now, NAB\u2019s probe into the DHA Valley project should be a cause of major concern for investors, who found themselves in an awkward position when DHA transferred funds for the project to Bahria Town in 2009.<\/p>\n

Development of access road<\/strong><\/p>\n

In his tweet on January 5, Malik Riaz stated that the main access road for DHA Valley is being constructed and efforts are being made to complete it as soon as possible. The important part of the tweet is this: \u201c\u2026sincere apologies for inconvenience\u201d. While I would not like to comment on this apology, I do believe the development of this road will prove to be favourable for the project.<\/p>\n

Now that the COAS has directed NAB to take unbiased, stern action against all those involved in the DHA Valley scam, investors should heave a sigh of relief. I think NAB\u2019s probe into the case will resolve all issues. Let\u2019s adopt a wait-and-see policy for now and hope for the best.<\/p>\n

Meanwhile, NAB has arrested Globaco (Pvt) Ltd Chief Executive Officer Hammad Arshad on charges of corruption in DHA City Lahore, where investors have been awaiting possession of their properties for years now.<\/p>\n

What do think about all this? Share you view in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":"

We at Zameen.com have been updating you on all the ins and outs of DHA Valley for quite some time now. We understand your concerns about the project as you haven\u2019t been able to get possession of your properties even after waiting for years. Today, we are going to shed some light on the recent go-ahead given by Chief of Army Staff (COAS) General Raheel Sharif for action against civilians and military officials involved in the PKR 62 billion DHA Valley scam. According to a National Accountability Bureau (NAB) official, the COAS conveyed a message to the NAB chairman that no one involved in the scam be spared. This raises an obvious question in my mind: Will NAB flex its muscles against Malik Riaz? Only time will tell what future holds in store for him. Issue of Dadocha Dam According to a news source, a retired Army officer submitted a complaint to NAB about the development of DHA Valley on the land allegedly allocated for the Dadocha Dam. Following this, the bureau authorised an inquiry in July 2012. The case was later heard in July 2015 by a two-judge bench of the Supreme Court. The court sought explanations from both…<\/p>\n","protected":false},"author":14,"featured_media":18507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[813,289,815,703,814,2585,2199],"persona":[],"class_list":["post-18506","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-development-status-dha-valley","tag-dha-valley-islamabad","tag-dha-valley-islamabad-latest-update","tag-dha-valley-islamabad-news","tag-dha-valley-project-status","tag-dha-valley-scam","tag-important-information-about-dha-valley-islamabad"],"acf":[],"yoast_head":"\nArmy chief supports probe into DHA Valley scam \u2013 where is the project heading? - Zameen News<\/title>\n<meta name=\"description\" content=\"We at Zameen.com have been updating you on all the ins and outs of DHA Valley for quite some time now. 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