NAB freezes assets in Rs 5bn housing fraud

MULTAN, (APP - UrduPoint / Pakistan Point News - 13th Jun, 2026) The National Accountability Bureau (NAB) Multan has frozen multiple movable

and immovable assets of accused persons in the Gulberg Executive Housing Scheme mega

fraud case, as investigations enter an advanced stage with over 1,800 victims having

filed claims worth more than Rs 5 billion.

An accountability court has declared MPA from PP-283 Ghulam Asghar Gormani and his

brother Faisal Tahseen proclaimed offenders, while pre-arrest bail applications of land

providers Ijaz Sarwar and Naveed Ahmad were dismissed on June 9, 2026. Key suspect Zain Murtaza

has already been arrested.

NAB Multan conducted multiple raids to apprehend the remaining accused, however, the suspects

remain at large and are believed to have fled abroad.

<?php /*?> <?php */?>

During hearings, land providers Ijaz Sarwar, Qaiser Iqbal and Naveed Ahmad admitted before the accountability court and the investigating officer to having received over Rs1 billion, and expressed willingness to either transfer land or refund the amount.

NAB Multan reaffirmed its commitment to bring all principal accused Ghulam Asghar Gormani, Faisal Tahseen, Ijaz Sarwar and Naveed Ahmad to justice and recover looted funds for the affected investors.

The bureau stated that proceedings in the case are being conducted with complete transparency, impartiality and in accordance with the law.