REFERENCE / COMPLAINT NO. XXII
Reference dated 19-6-2004 – Billion Rs Loan Write-Off
To: The
Chairman
National Accountability Bureau
Islamabad
Pakistan Peoples
Party ----------------------------------------------------------------------------- COMPLAINANT
V/s.
-
Ch Shujaat Hussain
-
Ch Mansoor Elahi
-
Ch Parvez Elahi
-
Ch Gulzar Mohammad
-
Ch Wajahat Hussain
-
Ch Sabahat Elahi
-
Mrs
Qaisra Elahi
-
Mrs
Kausar Hussain
-
Mrs
Khalida Begum (1
through 9 - Purportedly the Directors / Owners of Punjab Sugar Mills )
-
Daewoo Corp of
Pakistan and others
-
Chief Executive of National Bank of Pakistan and other financial institutions
(who have written off the loans)
-
----------------------------------------------------------------------------- ACCUSED
COMPLAINT U/S 18(B) (11) OF
THE NATIONAL ACCOUNTABILITY BUREAU ORDINANCE 1999.
FACTS:
1. The daily “The News” in its publication of 19 June 2003 (Copy
enclosed with the complaint) gave the details which were given by the Jamali
government to the National Assembly Secretariat wherein it was revealed that an
amount of Rs 18 billion was written off during the last three years (1999-2002)
of the military regime.
2. The accused respondents where some of them being
holders of public offices in the terms of Section 2 of the NAB Ordinance 1999
and the rest of the accused which are business enterprises had obtained loans
from the different financial institutions.
3. The accused respondents had siphoned off the
depositors money from the financial institutions which were written off
collusively by the respondents and financial institutions authorities and thus
plundered the public money.
4. That the financial institutions had maintained
only those loans were written off which were totally irrecoverable which does
not give the clear picture and policy of the financial institutions for recovery
of loans whereas small farmers were taken in custody for only recovering 9
millions rupees and the people having influence and collusion with the regime
and financial institutions were not only set at liberty but were also given huge
financial benefits.
5. That the accused / respondents being the holders
of public office and the beneficiaries have caused a huge loss to the financial
institutions who were the custodians of public money and have badly effected the
performance, economy, trust and confidence of the public in the financial
institutions.
Conclusion:
Based on the above facts and
grounds respondents have shown willful indulgence in corrupt practices under
Section 9 of the Ordinance. Such persons are subject to punishment under Section
10 of the Ordinance.
As such the Chairman of the
NAB is called upon to initiate investigation in connection with the matters set
out herein above and further proceed to file a reference against respondents for
violating the provisions of Section 9 of the Ordinance punishable under Section
10 of the Ordinance in competent court of law and proceed against those
concerned for violating Section 9 of the Ordinance.
Complainant
Pakistan
Peoples Party
Through:
Syed
Nayyar Hussain Bokhari Advocate
Islamabad Dated : 19-6-2004
The
Reference / Complaint is based on the source incorporated as under :
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