A serious dispute has emerged within the I.B. Employees Cooperative Housing Society (IBECHS) in Islamabad after a formal complaint was filed against the society’s General Secretary, Shujaat Ullah Qureshi, accusing him of misconduct, abuse of authority, and large-scale financial irregularities. The complaint was submitted by the managing committee of the society under Rule 57 of the Islamabad Cooperative Societies Rules, 2018, seeking action against the office bearer over alleged violations of the society’s bylaws and misuse of his official powers.
According to the proceedings, the complaint alleges that
Shujaat Ullah Qureshi was involved in serious administrative and financial
misconduct during his tenure as General Secretary. The accusations include
breach of trust, misadministration, and misappropriation of funds belonging to
the cooperative housing society. It was claimed that substantial amounts,
reportedly running into billions of rupees, were mishandled, resulting in
significant financial losses to the society and raising concerns among members
regarding transparency and accountability in its affairs.
Following the submission of the complaint, authorities
initiated formal proceedings to investigate the matter. An inquiry officer was
appointed to conduct a detailed probe into the allegations. The Additional
Deputy Commissioner (General) was tasked with examining the record, reviewing
financial transactions, and assessing whether the actions of the General
Secretary violated the society’s rules, statutory obligations, and registered
bylaws.
The inquiry involved scrutiny of documents, examination of
relevant records, and evaluation of administrative decisions taken during the
tenure of the accused official. The findings of the investigation were later
submitted to the Registrar Cooperative Societies Department in Islamabad for
further consideration. The inquiry report included observations and
recommendations regarding the allegations and the conduct of the office bearer.
The case highlights growing concerns about governance and
financial management within cooperative housing societies, particularly those
handling large financial resources and property transactions. Members of such
societies often rely on elected office bearers to manage funds responsibly and
ensure that development projects and financial dealings remain transparent and
in accordance with legal requirements.
The Registrar Cooperative Societies Department is expected
to review the inquiry findings and take appropriate action under the relevant
rules if any violations are proven. The outcome of the case could have
significant implications for the management of the society and may set a
precedent for accountability in similar cooperative organizations operating in
the federal capital.
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