Abb Takk News

SC adjourns hearing of Panamagate case till tomorrow

ISLAMABAD: The five-member larger bench of the apex court on Tuesday adjourned the hearing of Pamamagate case till tomorrow.

Hassan and Hussain Nawaz’s counsel Salman Akram Raja advanced arguments during the hearing . During the hearing, NAB Prosecutor General Waqas Dar presented record about non-filing appeal against the court’s decision in Hudaibia Papers Mills case against Ishaq Dar.

Salman Akram Raja in his arguments said that record showed 12 million Dirhams were received from the sale of Dubai mills. Upon this Justice Ejaz Afzal asked as to who paid the bank receivables. Raja replied that may be the dues were paid from the profit of the factory. He added that the proceed of 75 percent shares sale were used for paying back the bank loans.

Justice Khosa remarked that  as per the Prime Minister speech six new factories were established in Bhutto’s era. Justice Gulzar inquired that what was the need to set up  Gulf Steel when six new factories were set up in Pakistan.

Upon this, Raja said that Duabi Mill was a reality, adding that the Mill was closed in 2001. He added that Jeddah Mill was established through the machinery of Duabi factory, while new machinery was also installed in the Jeddah Mills.

Justice Khosa asked from Raja whether the machinery of Dubai factory was purchased by Hussain Nawaz, as the Prime Minister did not mention the sale/purchase of machinery nowhere.

Sharif family counsel expressed inability to name the owner of two offshore companies, Neilson and Nescoll, which acquired London flats in 1993.

“We don’t know who originally owned the two offshore companies — Nescoll Limited and Neilson Enterprises Limited,” Salman Akram Raja, the counsel for Prime Minister Nawaz Sharif’s sons Hassan and Hussain Nawaz, told a five-judge larger bench of the apex court which is hearing a slew of petitions against the Sharif family over alleged corruption.

The  counsel upheld that they purchased the apartments through settlement with a Qatari family in 2006. To this, Justice Ejaz Afzal Khan remarked that PM’s family must know about the ownership record of both the offshore companies.

“We have no information about the original owner of both the companies,” Justice Asif Saeed Khosa, who is heading the larger bench of the apex court, observed.  Justice Khosa asked Raja that he may ask the Qatari family how they got the London flats and further directed the counsel to present record of his clients’ education in the UK.

The top court judge also observed that the repurchase of Dubai Steel Mills machinery and Qatari investment were not mentioned by the prime minister in his speeches in the Parliament and to the nation.

Justice Khosa said one member of the Parliament “in his rude style” commented on the court’s observation. “He said nothing is missing in the PM’s record. Perhaps we could not see that is why we are asking about the omitted facts from you,” the SC judge said.

Meanwhile, Justice Ijazul Ahsan remarked that the entire story is based on Qatari investment but it was not mentioned in the prime minister’s speeches. He expressed wonder that when the whole business was conducted through banking channels in 1980 then why hard cash was given by the Sharif family for investment in Qatar.