The accountability court (AC) has extended the physical remand of former Director General (DG) Lahore Development Authority (LDA) Ahad Cheema, the chief executive officer (CEO) of Bismillah Engineering Shahid Shafiq and two other suspects for 14 days.

All the suspects were presented before the accountability court by the National Accountability Bureau (NAB) demanding an extension in the physical remand of all four accused persons.

The NAB team also told the court that the investigation team requires more time for forensic examination of Ahad Cheema’s laptop.

The court approved the request and extended the physical remand for 14 days and ordered NAB to present the suspects on April 17.

Moreover, Lahore High Court (LHC) rejected Ahad Cheema’s plea against his arrest by NAB.

Cheema was arrested last month for misusing his authority and, with criminal intent, processing and awarding Ashiana-e-lqbal project contract worth Rs14 billion to Lahore CASA Developers, a joint venture a firm which was ineligible for the same. The contract, in connivance with other accused persons, was awarded in violation of PPP Act, 2014.

NAB inquiry further revealed that Bismillah Engineering Services Co (a major shareholder of JV titled Lahore CASA Developers) was a proxy firm working on behalf of Paragon City (Pvt) Ltd.

Cheema allegedly received illegal gratification in the form of 32 kanals of land (valuing Rs30.09 million approximately from the owners of Paragon City (Pvt) Ltd.

Government is facing a liquidation loss of about Rs 455 million as the estimate of the construction of Ashiana Iqbal Housing Scheme has increased manifold due to delay in the project.