ali hassan
A banking court has summoned cousins of former prime minister Nawaz Sharif on November 20 for indicting them in the cases related to defaulting on bank loans worth Rs700 million. Banking Court Judge Munir Ahmad Joyia conducted the hearing of the petitions filed by banks against the cousins of the former premier Nawaz Sharif for defaulting on loans worth Rs700 million, which had allegedly been acquired for Kashmir Sugar Mills and Ittefaq Sugar Mills. The court summoned the accused persons on November 20 for their indictment in the cases.
Earlier on September 24, a banking court had issued non-bailable arrest warrants to the accused of not complying with the orders in cases against them for allegedly defaulting on bank loans. Judge Munir Joya had warned that the accused persons’ identity cards, passports, and bank accounts will be blocked if they do not appear in court in a personal capacity. For the last ten months, they have been getting the case adjourned through their lawyers without showing up, he observed. Adjourning the case again, the court had ruled that it is giving Shahid Shafi, Tariq Shafi, Javed Shafi, Ali Pervaiz and Ibrahim Tariq a last chance to appear before it.
