Saeed Ahmad
Islamabad: The National Accountability Bureau (NAB) has announced the auction of Bahria Town’s immovable properties on June 12 to recover defaulted plea bargain amounts, as per Section 33E of the National Accountability Ordinance (NAO) 1999.
According to a statement issued by the NAB spokesperson on Monday, the auction will be held at the NAB Regional Office near Lal Masjid, Islamabad.
The properties up for bidding are: Corporate Office Plot No. 7E and Corporate Office 2, Plot No. 7D, both located on Park Road in Bahria Town Phase 2, Rawalpindi; the Rubbish Marquee and Lawn situated in Bahria Garden City near the Golf Course, Islamabad; the Arena Cinema, Plot No. 984, Board A in Bahria Town Phase 4, Rawalpindi; and the Safari Club, Plot No. 27 located in Safari Villas 1, Bahria Town, Rawalpindi
NAB has also scheduled a pre-auction briefing for interested buyers two days before the auction at the NAB Regional Office, Islamabad.
The bureau stated that the move aims to ensure recovery of funds under the legal framework and stressed that the auction process will be transparent and in line with the law.
