Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
SC allows DHA to draw Rs 52m from frozen accounts
08-02-2013, 03:46 PM
Post: #1
SC allows DHA to draw Rs 52m from frozen accounts
ISLAMABAD: The Supreme Court (SC) on Thursday allowed the Defence Housing Authority (DHA) to draw Rs 52 million from its frozen bank accounts in order to pay salary and pensions to its workers.

A three member bench of the court, headed by Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry, said the court had relaxed the conditions for DHA so that its management could pay salaries and pensions to its staff.

The bench also directed the Capital Development Authority (CDA) to submit record of 1,400 acres land which the civic body had given to DHA without any agreement for the establishment of an industrial zone.

It asked the Federal Investigation Agency (FIA) to submit the final report on NESPAK’s evaluation of EOBI property that was purchased from various housing societies throughout the country for the purpose of investment.

During the hearing, FIA Additional Director General (legal) Azam Khan submitted NESPAK’s preliminary evaluation report on property that EOBI had purchased for investment purpose.

The report said that the value of a property near Islamabad Expressway was Rs 14 billion in 2009 which escalated to Rs 17 billion in July 2013. It added the EOBI purchased Crown Plaza Islamabad against a payment of Rs 1 billion whereas its market price was Rs 626 million.

The court asked the FIA officer to submit the final report at the next date of hearing.

The bench was told that the columnist-cum-lawyer, Advocate Babar Sattar, had been legal expert for EOBI.

The court said that Advocate Babar Sattar had written an article in an English newspaper in which he discussed the merit of the case at considerable length and a programme based on the article was also aired on a private TV channel.

The SC directed the chief executive officer of the channel to produce a CD/DVD of the programme along with complete transcript before the next hearing.

The chief justice said that instead of writing the article in the newspaper, Babar Sattar should have come to the court, adding that he was not counsel for the court.

Babar Sattar had written the article on July 30 in which he criticised the SC for taking a sou motu notice of the EOBI issue.

The CJP also said that there was no any sensation or anxiety in the court due to EOBI case.

Tariq Mehmood, representing Eden Housing Society, informed the court that he had deposited Rs 976 million and the balance amount of Rs 900 million would be submitted by 18th of this month.

Earlier, Advocate Muhammad Bilal along with the EOBI chairman argued the case. The court pointed out to Bilal that in 2009, the Public Accounts Committee of the National Assembly had expressed reservation on the investment of funds by EOBI.

The court was informed that in the minutes of 86th EOBI Board of Trustee meeting, it was mentioned that subject to the verification, the government had varied the approval of 18 properties. The case was later adjourned until August 21, 2013.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Irregularities Unearthed In CDA’s Accounts Salman 0 5,471 09-04-2013 08:38 PM
Last Post: Salman
  DHA accounts partly unfrozen Salman 0 6,403 08-03-2013 12:55 PM
Last Post: Salman
  Islamabad Property News : Draw for E-12, D-12 plots Salman 0 5,059 07-29-2013 11:11 AM
Last Post: Salman
  Karachi : Federal Govt Employees Housing Foundation (FGEHF) Apartments Balloting/Draw Salman 0 6,389 04-27-2013 02:00 PM
Last Post: Salman
  Zero Point to draw closer to airport as work on 3 roads starts today Salman 0 3,612 05-23-2012 11:27 AM
Last Post: Salman
  Draw for Ashiana Quaid project Salman 0 3,098 02-23-2012 12:17 PM
Last Post: Salman
  DHA holds draw Salman 0 2,011 01-21-2012 12:56 PM
Last Post: Salman
  Interior Ministry fails to reconcile Rs 515 million accounts Lahore_Real_Estate 0 2,418 12-13-2010 12:58 PM
Last Post: Lahore_Real_Estate
  FBR to launch 'Consumers Lucky Draw' Lahore_Real_Estate 0 2,472 10-13-2010 12:50 PM
Last Post: Lahore_Real_Estate
  Preacher, Teacher & Public Accounts Committee LRE 0 2,370 06-22-2010 07:17 PM
Last Post: LRE
  Public Accounts Committee in Action LRE 0 2,376 04-30-2010 09:56 AM
Last Post: LRE
  No plan to freeze foreign accounts of the NRO beneficiaries LahoreEstate 0 2,109 11-22-2009 05:51 AM
Last Post: LahoreEstate
  WAPDA and PEPCO Massive irregularities detected in accounts LahoreEstate 0 3,002 10-18-2009 05:12 AM
Last Post: LahoreEstate
  ‘95pc Sindh agri dept employees draw salaries without work Naveed Yaseen 0 2,555 08-05-2009 05:15 AM
Last Post: Naveed Yaseen
  Islamabad Job Fair: Employment prospects draw large crowd Naveed Yaseen 0 2,004 06-10-2009 06:43 AM
Last Post: Naveed Yaseen
  Saudi Arabia freezes billionaire’s accounts LahoreEstate 0 1,958 06-01-2009 05:17 AM
Last Post: LahoreEstate
  ‘Frozen funds affecting Rs 50b uplift projects’ LRE 0 1,601 01-25-2009 09:25 PM
Last Post: LRE
  World Bank drops proposal to levy WHT on foreign exchange accounts Naveed Yaseen 0 2,059 01-17-2009 07:55 AM
Last Post: Naveed Yaseen
  AGP identifies Rs 9.7bn irregularities in railways accounts Naveed Yaseen 0 2,212 12-26-2008 08:17 AM
Last Post: Naveed Yaseen
  Freezing foreign currency accounts “Baseless”: Shaukat Tareen LRE 0 2,163 10-09-2008 09:41 AM
Last Post: LRE

Forum Jump:


User(s) browsing this thread: 1 Guest(s)