Creek Marina – Relaunches Grand Embezzlement Scheme

The infamous, Creek Marina, Karachi is back again with another scheme. Armed with a sinister agenda of once again defrauding gullible investors, the Singaporean National, who is CEO, Singapore Meinhardt, has once again landed in Karachi with a grand scheme to reap in more funds by promising Pakistanis a piece of his planned elusive paradise. 

The Singaporean national, Dr. Shahzad Nasim has started his old ploy by luring well-off Pakistanis again.

His strategy is simple: entice the general public to invest their life savings in a project through a grand scheme of glossy marketing designed to attract unsuspecting investors.

They simply forget the fact that all such plans failed to materialize in the past, rendering the citizens to suffer for more than 13 years.

However, the situation was different 13 years ago. Hundreds of investors were attracted to the Creek Marina scheme when it was first launched as a Multi-billion rupee venture in 2004.

Much to their dismay, soon the general public found out that the project was one of the biggest real estate scams in the country, as they failed to get their invested dream homes by the due time in 2009.

People are always in search of a new lifestyle. They have the right to dream, work hard and acquire the lavish lifestyle they truly deserve.

Hence, they explore viable options for investing in grand projects. They’re confident in the knowledge that their investments would be well protected by the developer as well as the state.

However, in the absence of stringent laws and the non-cooperative attitude of the government, it all becomes easier for the real estate fraudsters to loot and plunder the wealth of the general public in Pakistan.

The situation becomes more accentuated if the developer is a foreigner like Meinhardt.

The public is well aware of the recent allegations, which have made rounds and rounds across print and social media.

These claim that Dr. Shahzad Nasim, a high roller in Pakistan, with considerable influence and esteem, is again developing the project without fundamental compliance of the law and building regulations. Yet, he moves steadily on without facing any challenge.

Court documents and various other on-ground evidence suggest that the project has not received the necessary permission from building authorities and environmental agencies.

More importantly, it has been alleged that the land on which the project is to be constructed was granted irregularly. There is no arbitrary authority to launch investigations against serious allegations. 

It is pertinent to mention here that the CEO of Meinhardt Singapore, Dr. Shahzad Nasim, is a Singaporean citizen of Pakistani Origin.

He can easily fly to Karachi, and fly back, despite being declared an absconder by the court for his fraudulent activities, thus proving his sheer arrogance and daring as he loots the life savings of the average citizen and easily flies back without question.

A large number of victims who continue to suffer due to previous fraudulent schemes of Shahzad Nasim have approached news reporters, saying that around Fifteen years have lapsed and the investors in the Creek Marina Project are still waiting for the completion and delivery of the project.

The project was supposed to be completed by December 2009.

These days, Meinhardt again commits to fulfill its 15-year-old promise of developing the project.

With the help of expensive PR and marketing consultants, Shehzad Nasim is again enticing the general public to invest their life savings in a scheme that didn’t guarantee execution.

The victims have urged upon the Supreme Court that if justice is to be served without any further delay, the apex court should immediately take notice, as the CEO, Meinhardt is again in Karachi and trying to hoodwink the investors and aiming to collect massive funds.

Read Also

Capitol Hill Revolt: Western Democracies V/S Populism

They have appealed to the concerned authorities and the courts of Pakistan that the construction firm, Meinhardt, be made to provide proper security against development works so that those who invest in the project remain protected.

The victims have urged upon the Supreme Court that if justice is to be served without any further delay, the apex court should immediately take notice, as the CEO Meinhardt, is again in Karachi and trying to hoodwink the investors and aiming to collect massive funds.

They have appealed to the concerned authorities and the courts of Pakistan that the construction firm, Meinhardt be made to provide proper security against development works so that those who invest in the project remain protected.