NAB has authorized an inquiry against M/s Park Lane Estate Company (Pvt) Ltd. and officers of Capital Development Authority on allegation of illegal transfer of land.

According to a NAB press release issued today, CDA illegally allotted 118 kanal and 14 marla land of Punjab Forest Department to M/s Park Lane Estate Company (Pvt) Ltd.

It said that former President Asif Ali Zardari and PPP Chairman Bilawal Bhutto Zardari are 50 percent shareholders of M/s Park Lane Estate Co. (Pvt) Ltd.

The Manager, Attorney Holder and Director of M/s Park Lane Estate Company (Pvt) Ltd were repeatedly summoned, but they willfully avoided joining the proceedings of NAB.