Land corruption inflicts Rs3tr loss in Karachi alone, says NAB chief

xpressing serious concerns about realty fraudulent practices across Sindh, National Accountability Bureau (NAB) Chairman retired Lt Gen Nazir Ahmed Butt has disclosed that in Karachi alone documents for 7,500 acres have been falsified leading to corruption amounting to Rs3,000 billion, according to a press release of the Association of Builders and Developers (ABAD) on Tuesday. “If we open these files, it will cause a great upheaval,” the NAB chief remarked. He regretted that for the past 40 years, the Lyari Development Authority (LDA), Karachi Development Authority (KDA), and Malir Development Authority (MDA) have failed to hand over possession to their allottees. During a visit to ABAD on Monday, he said if the association provides solid evidence, action will be taken against those responsible.