Friday, July 22, 2011

Sindh Building Control Authority (SCBA), Misuse of retirement fund

Sindh Building Control Authority (SBCA) misused the reserved retirement fund of Rs 1 crore and inducted some 200 additional employees without fulfilling the legal requirements and formalities.
 Director General  Manzoor Qadeer Kaka took the charge as chief controller in the said organization couple of years ago  utilised the retirement fund reserved for the pensions of retired employees.
Embezzlement made in the last two years in the reserved fund  would create an extreme level of financial crisis and the department would be unable to pay the pension to its retired employees.
The sources pointed out that SBCA financial losses had been going upward in the last couple of years as the department would have generated Rs 9 lacs/day since 2007 and now the decline shows per day income of  Rs 400,000.  The  Nation


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