ISLAMABAD - The Capital Development Authority (CDA), being regulatory authority, will take over the project of Jeddah Town Phase-I & Phase - II (Old Booking) for development and handing over possession of the plots to the members of the housing scheme. The decision was taken at a high level meeting presided over by Chairman National Accountability Bureau (NAB) Nawid Ahsan, which was attended by Chairman CDA Tariq Mahmood Khan and other top officials of both departments. According to details, on complaints received from Overseas Pakistanis, NAB launched an inquiry against M/s Gilani Housing Corporation International (Pvt) Limited for cheating public at large in the name of Jeddah Town Housing Scheme. Investigations carried out by the NAB revealed that CDA issued NOC for the Jeddah Town Phase - I in 1993 for 293 kanals, having 231 plots. In 1994, 507 kanals land, having 499 plots were added to the scheme. CDA then approved layout plan of 800 kanal having 730 plots for Phase-I and Phase-II of Jeddah Town Housing Scheme. In 2002, M/s Gilani Housing Corporation submitted revised layout plan for 1200 kanals with malafide intention to defraud people, which was rejected by the CDA. The sponsors, instead of developing the scheme, started selling the plots to expatriate Pakistanis living in Saudi Arabia, UK and UAE and fraudulently obtained full payment of developed plots from more than 927 members and misappropriated the same. Under the rules, the sponsor was bound to complete the development of the scheme within three years but despite lapse of more than 13 years, the sponsor did not develop the project and committed fraud with the general public under the garb of provision of plots in the scheme. In another case, the management of the M/s Gilani Housing Corporation defrauded around 4750 applicants and collected Rs 666 million for Phase II extension located in Mauza Hummak Islamabad. The Chief Executive of the housing scheme Syed Muhammad Makhdoom Gilani and other co-accused were arrested by NAB in December 2006 and later, a reference was filed against them. The accused are presently in judicial custody. The decision to hand over the project to CDA will benefit more than 900 affected families.