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The reference is filed upon completion of an investigation, said a NAB Karachi's statement issued here on Friday.
The said investment was allegedly made by the accused persons in violation of policy which caused a loss to the national exchequer to the tune of Rs.64.057 million.
Meanwhile, former managing director of Karachi Water and Sewerage Board (KW&SB) Brig. (Retd) Iftikhar Hussain who was arrested on May 28, 2018 in 25 acres land scam, was produced before an Accountability Court of Karachi and has been remanded till June 7, 2018.