National Accountability Bureau which raided the office of the Paragon City on Burki Road has seized `important` record related to Ashiana-i-Iqbal housing scam.

Paragon City management was reluctant to hand over the required record to the bureau. The team however seized the record related to its financial transactions.

The director (properties) of M/s Paragon City (Pvt) Limited and a close aide of a suspect received Rs  30.9 million in his bank account from the housing scheme’s account maintained at DHA Lahore and the amount was paid for the purchase of 32-kanal land in Lahore Cantonment.`The said land was transferred in the name of Ahad Khan Cheema, the then DG Lahore Development Authority and his three close family members. Cheema is already in NAB custody and is accused of misusing his authority and allegedly with criminal intent prepared, processed, recommended and got approved a `fraudulent and illegal` request by awarding contract of Rs.14 billion Ashiana-i-Iqbal Housing Society project.

Government-owned Punjab Land Development Company had assigned the low-cost housing scheme of the Punjab government to the LDA through an agreement in January 2015, but the project failed.