October 20, 2021

IHC to take up Haris Steel case next week – Pakistan

ISLAMABAD: The Islamabad High Court (IHC) has decided to resume the hearing of the Rs9 billion Haris Steel Mills scam involving 23 ‘fake’ bank accounts that the National Accountability Bureau (NAB) had filed in 2007.

According to investigators, Haris Steel director Sheikh Afzal with co-accused Mohammad Munir, Ali Ijaz, Abid Raza and Irfan Ali in connivance with then president of Bank of Punjab (BoP) Hamesh Khan and other officials using fake documents, bogus collaterals, fictitious guarantees and mortgage deals executed by fictitious persons opened 23 ‘fake’ accounts and obtained Rs9bn loans for the steel mills and its two sister concerns between 2005 and 2007.

The IHC registrar office has now fixed the case before a two-member bench comprising Justice Miangul Hassan Aurangzeb and Justice Tariq Mehmood Jahangiri for hearing on August 12.

NAB filed the case involving Rs9bn & 23 fake accounts in 2007

The high court…

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