Two citizens file financial fraud cases against AAA Associates’ Managing Director, Lieutenant Colonel (R) Shahzad Ali Kiyani, at Kohsar Police Station, Islamabad, under section 489F. Kiyani accused of financial irregularities, is allegedly concealing his identity.
Read More: PRA Uncovers Alleged Tax Evasion of Rs9 Billion in EIGHTEEN
The Managing Director, Shahzad Ali Kiyani, and Chairman Fahad Sheikh of Bahria Town Phase 8’s PC OCTA project face multiple cases in police stations in Rawalpindi, Islamabad, and Karachi. They are accused of investing over twenty billion rupees from military officers (serving and retired), overseas Pakistanis, bureaucrats, and other citizens, then not paying monthly rent, resulting in multiple cases.
Fahad Sheikh, the accused, has been arrested by Islamabad and Rawalpindi Police and subsequently transferred to Adiala Jail/Safe Houses. However, Lieutenant Colonel (R) Shahzad Ali Kiyani remains elusive.
Reports claim that Kiyani is evading police custody and is hiding in Gwadar to avoid arrest.
Last week, when the Westridge Police team, led by SHO Inspector Zahid Zahoor, raided the “Open Sky” restaurant in Bahria Town, to apprehend Fahad Sheikh and Colonel Shahzad Kiyani, Fahad Sheikh was caught by the police. Still, at that moment, Colonel Shahzad Kiyani was wearing shalwar kameez and a waistcoat, which allowed him to silently blend into the restaurant’s staff. Upon realizing the situation, he quietly stood among the restaurant’s waiters, and thus, he managed to escape police arrest.
It’s crucial to note that AAA Associates, the alleged fraudulent company, has two culprits, Fahad Sheikh and Shahzad Kiyani, partnered with COO of PC Hotel Rawalpindi, and another officer, duping the public of billions, yet the Foundation’s Head, President Alauddin Hashwani, claims no knowledge of the entire fraud.
