Business

Bails of Ring Road accused adjourned

LAHORE: The Lahore High Court on Wednesday adjourned the proceedings in bail petitions of former commissioner of Rawalpindi Capt (Retd) Muhammad Mahmood Rai and land acquisition collector Waseem Tabish involved in the Rawalpindi Ring Road scam as their counsel failed to appear before the court.

The Anti-Corruption Establishment (ACE) accused the former commissioner and the land acquisition collector of causing over Rs 10 billion loss to the national exchequer by allowing some big developers of housing societies to establish five interchanges on the ring road. It said Nova Housing Society was involved in selling its one file for Rs 10 million and had earned a total Rs1.5 billion from files sale.

Copyright Business Recorder, 2021

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