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FIA starts auditing housing societies

FIA starts auditing housing societies

ISLAMABAD: The Federal Investigation Agency (FIA), in compliance with Supreme Court’s order, has started auditing all the registered and unregistered housing societies across the country to detect fraud, embezzlement and duplicate allotments.

Apex court had directed the FIA to investigate the matter that why more and more people are approaching courts regarding various practices currently rampant in housing societies like forged documents, allotment letters, expensive land and possession of one land to dozens of people which never exists, said an FIA official.

He further said, ‘SECP has provided a list of 1846 registered housing societies including 440 in Karachi, 656 in Islamabad, 45 in Peshawar, and 705 in Lahore; however, there are almost a total of 5100 registered housing societies working across Pakistan,’ adding that there are also more than 35,000 unregistered and illegal housing societies.