Main Suspect Arrested in ₨1.4 Billion Housing Fraud Case

The principal accused in a multi-billion-rupee housing fraud investigation has been arrested in the United Arab Emirates following an international operation conducted through coordination between Interpol and Pakistani authorities under an expanded anti-corruption cooperation mechanism, according to a report published by The News International.

The case relates to alleged fraud exceeding ₨1.4 billion involving purported fake plot sales, fraudulent investment schemes, and unlawful housing-related operations.

According to officials, the arrest operation was executed with assistance from the UAE Ministry of Justice.

The National Accountability Bureau Lahore had previously stated that at least 295 individuals allegedly lost their investments and personal savings as a result of the housing scam.

Authorities further noted that two directors associated with the company linked to the case had already been taken into custody prior to the latest arrest.

Officials stated that the operation forms part of intensified efforts initiated under Nazir Ahmed to strengthen international coordination mechanisms for the identification, arrest, and repatriation of fugitives and economic offenders involved in large-scale corruption and financial fraud cases.