Fazaia Housing Scheme Fraud - What is Happening Now?

Fazaia Housing Scheme was inaugurated as a joint venture with Pakistan Air Force (PAF) in 2015. The builders of FHS gathered considerable amount from around 6000 people with a promise to provide best living standards and desirable homes and apartments. However, sadly they were thinking of their benefit to mint money by making fool to the general public. But the scam didn’t hide for so long as one has to pay for it.

Case in Court

The National accountability bureau was directed by Sindh High Court to make settlement on the issue of payments and help in returning it to more than 5000 people deliberately came under the fraud of Fazaia Housing Scheme. Related to the scam, the victims of Fazaia Housing Scheme have also filed cases against the builders to recover their deposited amount and urged the judicial commission to establish a team for their inquiry regarding the affairs of FHS. They were not provided with the land possession besides the fraud of millions of rupees. 

In April 2020 one more suspect Mohammad Hafeez arrested for being scamming people. Mohammad Hafeez is the brother of Fazaia Housing society’s owner Saleem Hanif. Both of them mutually involved in the fraud case to grab money from locals. Around 1016 victims had been the target of their scam. According to the reports of NAB, the developers had done 2 billion of corruption in the name of FHS. Three suspects from FHS are under the NAB custody for further inquiries including Mohammad Hafeez, Bilal Tanvir and Tanvir Chaudry. They are also the partners of Fazaia Housing Scheme and Maxim marketing group. According to reports, these suspects didn’t reveal the location of the project and kept engaging in a scam of the beautiful plan in the name of PAF. It added that they did a fraud of 18 million Rs by taking an advance on unseen (structure) of apartments, bungalows and developmental fees.

The Decision

While executing the launch of the scheme, the suspects defied the laws and regulations and not taken the permission of advertisement, booking, sale and development. Even the layout plan was not approved by the Malir Development Authority (MDA). Reports also revealed that around 36 more joint accounts in the bank had discovered of the suspects. Additionally, the suspects had captured 180 acres area of the government illegally. After the new statement by Sindh High Court, now the suspects are agreed to return the amount to respective victims of around 16 billion Rs. The suspects have also altered the layout plan after the fraud scheme and decided to build 8,043 units out of which PAF owns 4,042 units while Maxim properties have the right to 4,041 units. The case is continuing, and NAB has to present the report or references in the court, and the next hearing is adjourned till 24th May.