Scam Alert: A major housing fraud has been exposed in Islamabad and Rawalpindi, involving the sale of over 90,000 non-existent plots. This significant scam alert details how private developers and cooperative societies deceived investors, selling memberships and files for land they did not legally possess.
Uncovering the Deception: A Major Scam Alert
According to the National Accountability Bureau (NAB), these schemes promoted fake land banks and issued thousands of files far beyond approved areas. Many individuals invested substantial sums, believing they were securing future property. Check SindhNews.com for local news.
Investigations confirmed over 91,000 files were sold, vastly exceeding available land. Some societies falsely claimed up to 80,000 kanals, despite owning minimal real estate. Citizens, therefore, paid for non-existent property.
Victims include government employees, retirees, and ordinary families who entrusted their life savings. Hopes for homes or secure assets have been shattered, causing widespread financial distress.
Authorities actively investigate the full scale of this issue. Efforts aim to hold those responsible accountable, protect citizens from further losses, and ensure justice for all affected by these fraudulent land dealings.