PM's wife paid Rs45.5m against Rs570m liabilities
A scrutiny of Fauzia Gilani's case revealed that she had obtained two loans totalling Rs200 million from Zarai Taraqiati Bank Limited (ZTBL), but she settled the case after committing 'wilful default that prevailed over a decade'.
According to documents, the sources said, the principal of Rs200 million had swelled to Rs570 million as non-payment of instalments spanned a decade. However, she managed to settle the case by paying back Rs45.521 million.
The sources said she had obtained a loan of Rs120 million for Multan Edible Oil Extraction and another loan Rs77 million for Pak Green Fertilisers.
According to the NAB press release, the cases were settled by the ZTBL in pursuance of the Sindh High Court's order of Oct 2, 2006, and March 17 of last year and a circular of the State Bank.
In consequence, ZTBL forwarded a request to NAB for withdrawal of the cases.
'After having received clearance of liability certificate from ZTBL regarding full payment of the settlement amount of Rs45.521 million, NAB withdrew references against the companies.'
The source said Mrs Gilani had gone through the prescribed procedure of settlement of 'wilful default cases'. They interpreted the move as a 'confessed wilful default'.
The NAB Ordinance defines wilful default as: 'Wilful default under this ordinance if he does not pay, or continues not to pay, or return or repay the amount due from him to any bank, financial institution, cooperative society, Prime Minister Gilani faced two other cases in NAB—illegal appointments in National Assembly when he was National Assembly speaker and purchase of vehicles. Both cases were settled in the Islamabad High Court.
A case of the prime minister's personal secretary, Tariq Khakwani, in which he was accused of obtaining a plot in Sector I-8, Islamabad, under the prime minister's quota in 1988-89 is still alive in Lahore High Court.
The NAB had filed an appeal against its own reference and had requested an accountability court to dispose of the case.
However, the court turned down the request and the NAB moved LHC against the accountability court's decision.
The LHC upheld the verdict of the accountability court and the case is still pending.
PM's wife gets Rs38m bank loan written off
ISLAMABAD: The wife of Prime Minister Yousuf Raza Gilani is one of the main beneficiaries of the recent loan write-off policy of the National Bank of Pakistan. The bank waived a loan of over Rs 38 million taken by Pak Green Fertiliser Limited (PGFL) which she owned as one of its main partners. |
http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/front-page/19-pms-wife-gets-rs38m-bank-loan-written-off-940-hh-05 http://www.awaztoday.com/playvideo.asp?pageId=10890 Nadeem Malik Prime Minister Yousaf Raza Gilani, Finance Minister Hafeez Shaikh and Hina Rabbani Khar and main Opposition leader Nawaz Sharif filed ZERO TAX RETURNS with the ECP. Pakistan faces one of the worst economic crisis with runaway inflation, extremely low tax to GDP rate and a stagnated economy that led to almost 3000 billi...on rupee increase in debt burden in just 3 years. (www.nadeemmalik.pk)9 new photos Nadeem Malik Pakistani Prime Minister Gilani, Finance Minister Hafeez Shaikh and Hina Rabbani Khar and main Opposition leader Nawaz Sharif filed ZERO TAX RETURNS with the ECP. Pakistan faces one of the worst economic crisis with runaway inflation, extremely low tax to GDP rate and a stagnated economy that led to almost 3000 billion... rupee increase in debt burden in just 3 years. (www.nadeemmalik.pk)Pakistan faces one of the worst economic crisis with runaway inflation, extremely low tax to GDP rate and a stagnated economy that led to almost 3000 billion rupee increase in debt burden in just 3 years. We need more taxes, but Pakistani Prime Minister Gilani, Finance ...Minister Hafeez Shaikh and Hina Rabbani Khar and main Opposition leader Nawaz Sharif filed ZERO TAX RETURNS with the ECP. (www.nadeemmalik.pk) By:NADEEM MALIK Photos:3 Nadeem Malik TOP TAX DODGERS, OUR LEADERS- FOR THE LOVE OF PAKISTAN: Kashmala Tariq (PML), Tasneem Ahmad Quershi (PPPP), Iqbal Zafar Jhgra (PML-N) and Umer Cheema (Journalist) in Today's episode of Islamabad Tonight with Nadeem Malik (www.nadeemmalik.pk) |
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