ISLAMABAD: The Federal Government Employees Housing Authority (FGEHA) has detected a massive financial embezzlement in its Park Road Housing Scheme allegedly due to forged payments against the work never carried out. According to sources, the contractor allegedly in connivance with the project director and others withdrew the mobilisation advance of Rs719 million on a fake bank guarantee, while there is also a big question mark on interim payment certificates (IPC), also known as running bills. Besides, huge variations in quantities and the incorporation of extra contractual (non-bill of quantities) have also been also detected. The sources said the issue came under discussion in a meeting of the FGEHA Executive Board on Thursday which was presided over by Federal Secretary Housing Dr Shahzad Khan Bangash. The board showed its concerns over the alleged fraud and fake payments and directed a full-fledged inquiry to fix the responsibility. FGEHA board orders inquiry int...