{"id":59087,"date":"2019-12-26T16:52:08","date_gmt":"2019-12-26T11:52:08","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59087"},"modified":"2019-12-26T16:52:08","modified_gmt":"2019-12-26T11:52:08","slug":"probe-ordered-into-alleged-corruption-in-lrr-project","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/probe-ordered-into-alleged-corruption-in-lrr-project.html","title":{"rendered":"Probe ordered into alleged corruption in LRR project"},"content":{"rendered":"<p>Lahore: National Accountability Bureau (NAB) Chairman Justice (retired) Javed Iqbal has directed the board\u2019s Lahore-wing director general to launch an investigation into reports of financial corruption \u2014 allegedly amounting to PKR 62 billion \u2014 in the construction of the Lahore Ring Road (LRR) project, a news source reported.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/no-lda-approvals-for-housing-schemes-outside-ring-road-area.html\" target=\"_blank\" rel=\"noopener noreferrer\">LDA seeks ban on new housing schemes outside LRR<\/a><\/p>\n<p>Reports of financial irregularities recently surfaced during a special audit of the LRR project. The Auditor General of Pakistan (AGP) had audited the project\u2019s expenditure declared for 2016-17 and scrutinised the project on various ends; including land acquisition, contract management, and financial procedures and management. The AGP\u2019s findings revealed PK 42.38 billion of financial embezzlement, of which no official records were available.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/llr-southern-loop-iiis-bid-approved.html\" target=\"_blank\" rel=\"noopener noreferrer\">LRR Southern Loop III\u2019s bid approved<\/a><\/p>\n<p>Further, the Punjab Communication and Works Department stated it had found irregularities worth PKR 59.39 billion; a big chunk of these misappropriations was detected in the project\u2019s land purchase process, wherein the department had detected over-valuation in land price that was stated to be PKR 4.36 billion in excess of the price stated in the officials documents.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/funds-issued-for-nha-pkr-510-mn-reserved-for-lrr-ii.html\" target=\"_blank\" rel=\"noopener noreferrer\">Funds issued for NHA, PKR 510 mn reserved for LRR-II<\/a><\/p>\n<p>The 85-kilometre-long circular road links the Lahore-Islamabad Motorway (M-2) and the National Highway (N-5). The road was inaugurated in 2017, while work on the construction of LRR Southern Loop (SL) III and SL IV has yet to achieve completion status. The <a href=\"https:\/\/www.zameen.com\/news\/lrr-sl-iii-to-be-completed-in-2020.html\" target=\"_blank\" rel=\"noopener noreferrer\">SL III<\/a> will connect Adda Plot on the Raiwind Road with Multan Road while the <a href=\"https:\/\/www.zameen.com\/news\/project-plan-prepared-for-the-construction-of-lrrs-sl-iv.html\" target=\"_blank\" rel=\"noopener noreferrer\">SL IV<\/a> will link Multan Road with a road near Babu Sabu completing the road\u2019s circular loop around Lahore.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/meeting-called-to-get-approvals-for-lrr-sl-package-ii.html\" target=\"_blank\" rel=\"noopener noreferrer\">Meeting called to get approvals for LRR SL Package II<\/a><\/p>\n<p>For all related updates on LRR and the ongoing investigations into alleged financial embezzlement, stay tuned to Zameen News.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: National Accountability Bureau (NAB) Chairman Justice (retired) Javed Iqbal has directed the board\u2019s Lahore-wing director general to launch an investigation into reports of financial corruption \u2014 allegedly amounting to PKR 62 billion \u2014 in the construction of the Lahore Ring Road (LRR) project, a news source reported. Read:\u00a0LDA seeks ban on new housing schemes outside LRR Reports of financial irregularities recently surfaced during a special audit of the LRR project. The Auditor General of Pakistan (AGP) had audited the project\u2019s expenditure declared for 2016-17 and scrutinised the project on various ends; including land acquisition, contract management, and financial procedures and management. The AGP\u2019s findings revealed PK 42.38 billion of financial embezzlement, of which no official records were available. Read:\u00a0LRR Southern Loop III\u2019s bid approved Further, the Punjab Communication and Works Department stated it had found irregularities worth PKR 59.39 billion; a big chunk of these misappropriations was detected in the project\u2019s land purchase process, wherein the department had detected over-valuation in land price that was stated to be PKR 4.36 billion in excess of the price stated in the officials documents. Read:\u00a0Funds issued for NHA, PKR 510 mn reserved for LRR-II The 85-kilometre-long circular road links the Lahore-Islamabad Motorway&hellip;<\/p>\n","protected":false},"author":18,"featured_media":44104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14651,14648,14649,14650,14653,14652,14654],"persona":[],"class_list":{"0":"post-59087","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-lahore-ring-road-directions","8":"tag-lahore-ring-road-map-latest","9":"tag-lahore-ring-road-sl3-updates","10":"tag-lahore-ring-road-southern-loop-3-map","11":"tag-lahore-ring-road-southern-loop-4","12":"tag-mlahore-ring-road-southern-loop-3-latest-news","13":"tag-probe-ordered-into-alleged-corruption-in-lrr-project"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Probe ordered into alleged corruption in LRR project - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: National Accountability Bureau (NAB) Chairman Justice (retired) Javed Iqbal has directed the board\u2019s Lahore-wing director general to launch an\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/probe-ordered-into-alleged-corruption-in-lrr-project.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Probe ordered into alleged corruption in LRR project - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: National Accountability Bureau (NAB) Chairman Justice (retired) Javed Iqbal has directed the board\u2019s Lahore-wing director general to launch an\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/probe-ordered-into-alleged-corruption-in-lrr-project.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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