Hypocrite Asma Jahangir & Her husband’s Hala Spinning Mill got Rs50 million Loan Written Off

The Commission’s report says that loans worth Rs 2.38 billon were waived off between 1971 and 1991 whereas loans worth Rs 84.62 billion were waived off between 1992 and 2009.

The Commission has recommended that action should be taken against former Prime Minister Yousaf Raza Gilani and his wife Fozia Gilani, former president Supreme Court Bar Association Asma Jahangir and her husband Mian Tahir Jahangir, Riaz Lal Jee, friend of President Asif Ali Zardari, Ghulam Dastagir Khan, Islam-ud-Din Sheikh, Younas Habib, Jam Muhammad, Arif Habib, Ramesh Kumar, Chaitan Das, Khawaja Ghulam Ahmed Rashi, Abdul Ghufar Adam Jee, Zafar Sheikh and Farooq Sheikh, Rana Tanvir Hussain, Jam Muhammad Yousaf, Sardar Muhammad Jafar Khan Leghari, Umer Leghari, Yousaf Khan Leghari, Waqar Azeem, Sajjad Azeem, Shaukat Azeem, Abdul Qadir Tawakal, Mirza Iftikhar Baig, Arif Ali Khan Abbasi, Major General Farhat Ali Burki, Khawaja Muhammad Mehboob, Khawaja Ghulam Sulemani and others.

The commission also has given the details of the industries’ directors who waived off the loans. According to that Abbas Steel Industry of Riaz Lal Jee, close friend of President Asif Ali Zardari, Rs224.1 million, Riaz Lal Jee another company Orient Rice Mills got Rs261.8 million write off. Against Lal Jee’s Petro-Commodities Company there is Rs218million. Riaz Lal Jee’s Razik Engineering company got Rs11 million written off.
Ghulam Qadir’s Khalil Jute Mills got Rs405.6 million waived off. The commission has recommended to recover Rs49.5 million from Islam-ud-Din’s Kiran Enterprises. Younis Habib’s Company had to pay Rs2.47 billion. He had entered into an agreement with National Accountability Bureau to pay back the amount at the end of 2014.

Former Prime Minister Yousaf Raza Gilani and his wife got written of Rs45million. Jam Muhammad Yousaf’s Bela Ghee Mills’ got Rs.82.2 millions, while Asma Jahangir, former President Supreme Court Bar Association, and her husband’s Hala Spinning Mill got Rs50 million written off. Famous Broker Arib Habib’s Jet Air Textile Mills got Rs415.7 million, Ramesh Kumhar and Chetan Das’s Pak Absar Ban Industries got Rs44.1 million loan written off. Khawaja Ghulam Ahmed’s Rishi Textile Mill got Rs859.1 million. Abdul Ghafar Adam Jee and Akbar Adam Jee’s Adam Jee Garments waived off Rs239 million, Zafar Sheikh and Farooq Sheikh’s Adam Jee Industries owes Rs448.8 million. Rana Tanvir Hussain’s Batala Ghee Mill got Rs140 million, while Jam Muhammad Yousaf’s Bela Ghee Mills Rs48.6 million. The Commission has recommended that action should also be taken against the bank officials.

Sardar Muhammad Jafar Khan Leghari, Umer Leghari, Yousaf Khan Leghari’s Choti Textile Mills got written off Rs304.6 million, Waqqar Azeem, Sajjad Azeem and Shaukat Azeem’s Electro Information and Energy System got Rs62.7 million, Abdul Qadir Tawakal’s First Tawakal Mudarba got Rs628.6 millions, Mirza Iftikhar Baig’s Mumtaz Shahbaz Textile Mill got Rs100 million, Arif Ali Khan Abbasi and Major General Farhat Ali Burki’s Quality Steel Works got Rs981.6 million, and Khawaja Muhammad Mehboob and Khawaja Ghulam Suleman’s Linger Suleman got Rs271 million, and from Mian Muhammad Sugar’s Mills Rs584.9 million, Multan Adbail Oil Rs354.3 million got written off. 

The Commission has given four options, according to that only principle amount should be recovered from the person who got their loans written off, or the difference amount of the principal amount and the amount they had submitted. The tribunals comprising the on duty or retired judges of High Courts should be set up for the recovery of amounts. The commission has also proposed for legislation for the recovery of written off loans. The commission also recommended that action should also been take against the provincial credit committee. However it has given the final authority to the Supreme Court for recovery of loans.

http://www.nation.com.pk/pakistan-ne…ff-in-38-years