Paragon case: NAB declares Khawaja brothers innocent

LAHORE: The National Accountability Bureau (NAB) on Wednesday, declared Khawaja Saad Rafique and his brother, Khawaja Salman Rafique, innocent in the Paragon City case.

The NAB handed back the case against the Khawaja brothers to the Lahore Development Authority (LDA) due to a lack of evidence of corruption against them.

The NAB stated that there is no need to pursue the case against the Khawaja brothers further and that the LDA should address complaints as the regulator.

Judge Qamar uz Zaman of the accountability court stated there are only eight remaining affected individuals in the Paragon Housing Society, with all others having already received their plots.

Read more: Khadija Shah gets bail in May 9 cases

The Reference:

In the reference brought forth by the NAB, it was alleged that Saad Rafique and others had initiated a housing project initially named Air Avenue, later renamed Paragon City (Pvt) Ltd.

According to the reference, Saad Rafique, Salman Rafique, and Nadeem Zia collectively owned a substantial 93.2 per cent of shares in the Paragon Housing Society.

The accusation further contended that the former railway minister received monetary benefits amounting to Rs58 million from the society, while his brother received Rs39 million.