Paragon scandal accused Qaiser Amin shifted to hospital due to heart ailment

LAHORE: Former Pakistan Muslim League-N MPA Qaiser Amin Butt, the main accused in the Paragon Housing scam, was shifted to the Punjab Institute of Cardiology (PIC) on Saturday due to a heart ailment.

Butt is under the National Accountability Bureau custody in the Paragon scam along with the PML-N leaders Khawaja Saad Rafique and Khawaja Salman Rafique.

He has undergone initial tests at the medical facility.

NAB claims that Rafique brothers in association with Qaiser Amin Butt and Nadeem Zia established a housing project in the name of Air Avenue which was converted into a new housing project namely M/S Paragon City Pvt Limited.

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What is the Paragon housing scam?

Saad Rafique had a meteoric rise from riding an old motorcycle to becoming railways minister. But this year, trouble began knocking at his door

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“Accused in collusion, connivance and collaboration of Qaiser Amin Butt and Nadeem Zia cheated the members of public at large and obtained illegal pecuniary benefits from the funds of said illegal housing project," the NAB said in it's press release. "Accused has been and is continuously obtaining illegal/ illegitimate funds/ benefits from said project as he obtained 40 kanal plots in his own name and the name of his brother Salman Rafique.”

Further, it stated, "Accused is operating this illegal housing project through his associates/ co-accused persons who are collecting deposits from general public despite clear directions from LDA that this project is unapproved."

The press release continued, “Accused by misusing his official position continued the expansion and marketing of illegal housing project and also obtained undue benefits in the form of sale of numbers of commercial plots worth billions of rupees which were actually not owned by M/S Paragon City. Thus the buyers have been cheated through this action of corruption and corrupt practices."