Non-STOP
www.fact.com.pk



Advertise Here

 
 

 
Chaudhrys defaulted on
millions of rupees


Fact Report

Chaudhry Shujaat Hussain, Chaudhry Pervaiz Elahi and their families have defaulted on bank loans worth Rs 37.98 million, alleged Siddiqul Farooq, information secretary for the Pakistan Muslim League-Nawaz (PML-N), at a press conference on Sunday.

Mr Hussain is the president of the Pakistan Muslim League-Quaid-e-Azam (PML-QA) and Chaudhry Pervaiz Elahi is the Punjab chief minister.

Mr Farooq demanded that Mr Hussain and Mr Elahi or the other Chaudhrys who had allegedly defaulted loans be disqualified from parliament, provincial assemblies and any other elected bodies.

“I have sent a letter to the election commission (EC) again, asking why it did not act against the Chaudhrys after receiving my last letter issued five months ago,” Mr Farooq said. He gave photocopies of a written reply from Finance Minister Shaukat Aziz to journalists, which listed the two Chaudhrys and their family members as loan defaulters.

The finance minister’s reply supplied data from the National Bank of Pakistan (NBP) about individuals and companies that borrowed money from banks and had them written off.

According to the list, those who allegedly defaulted included Mr Hussain, Mr Elahi, Chaudhry Manzoor Elahi, Chaudhry Gulzar Muhammad, Chaudhry Wajahat Hussain, Chaudhry Sabahat Elahi, Chaudhry Shafaat Hussain, Qaisera Elahi, Kausar Hussain and Khalida Begum.

The PML-N leader said the Chaudhrys allegedly obtained loans from Bankers Equity Limited and the NBP and used their influence to get their loans written off.

Quoting Election Rules for 2002, the PML-N leader said that no person could contest the general elections if he obtained a loan of Rs 2 million or more from a bank, a financial institution, a cooperative society or a cooperative body in his name or in the name of his or her spouse or any of his dependents which they did not repay or had written off.

Mr Farooq criticised Chief Election Commissioner (CEC) Irshad Hassan Khan for not acting against the alleged defaulters. He said the PML-N had informed the CEC and chairman of the National Accountability Bureau about the bank defaults. “But no action was taken against the Chaudhrys because General Pervez Musharraf wanted a government of his own choice,” he said.

Mr Farooq said under the rules, the CEC should have taken up the matter within 90 days from the date of receiving the complaint. He accused the CEC of violating the rules. He said he would take the matter to a higher court if the CEC refused to. He said he would also send copies of his latest letter to the EC, to the International Parliamentary Union, foreign missions in Pakistan and other international organisations.

 



| Home | Top |




Copyright © 2004 Fact Group Of Publications, All rights reserved