SC seeks reply from 222 beneficiaries who written-off Rs. 54 billion loan


ISLAMABAD: Supreme Court (SC) sought comprehensive reply from 222 beneficiaries who had illegally got their loans written off, and warned that in case of dissatisfaction of the court matter would be sent to the National Accountability Bureau (NAB).
A two-judge bench headed by Chief Justice Mian Saqib Nisar heard the suo moto case related to waiving of Rs. 54 billion loans during the government of former president General (retd) Pervez Musharraf.
The chief justice made it clear that all the people who got their loans written off illegally on a political basis or otherwise would have to return their loans to the national exchequer.
The order stated that “As per report of the Commission constituted by this Court, action against 222 individuals / companies (page No.107 of Vol-I of Commission’s Report) had been recommended on account of the fact that the loans were not written-off in accordance with law.
The chief justice remarked that after waiving billions of loan, companies running their business smoothly and their owners using luxury cars but not ready to deposit money of public exchequer, he added.
He remarked that public money would be recovered although court have to attach properties of such companies and cleared that those companies would not respond the court notice have to face ex-party decision.
Subsequently, further hearing of the case was adjourned till June 19. – APP


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