Tandliawala-II Sugar Mills (Miran), owned by a Federal Minister's family, did not bother about Monopoly Control Authority's show-cause notice served to give reasons for not releasing required sugar stocks.
While two mills, one each from Punjab and Sindh, submitted detailed information about lifted and un-lifted stocks and assured the Authority that they were pursuing the dealers and brokers to lift the sold stocks as soon as possible.
Syed Bilal Ahmed along with two MCA members Raza Arshad and Abdul Ghaffar concluded the hearing against sugar mills for violation of restrictive trade practices here at the Authority office on Friday.
Malik Riaz, accountant of Mecca Sugar Mills, Punjab, apprised the Authority that the mill he was representing is a mini-plant, with 800 tons cane crushing capacity. He said that the undertaking had only 2697 bags, currently, in stock for selling.
He submitted that the plant, being small, could not hold the stocks for long duration and could not bear paying high mark-up of the banks.
Khalid Ishaq, representing Ansari Sugar Mills from Sindh, informed the Authority that the mill's case was also being pursued by the Accountability Court, Rawalpindi Bench, and the owner of the unit had already issued two circulars to dealers and brokers for lifting the 'sold' stocks.
Also, he said, the creditor was also pushing the undertaking to pay back principal amount, with interest. He said that the mill has 6000 tons of un-lifted stock against the production of 47,047 tons till March 31.
However, the Authority directed the counsel of the mills to submit the names and addresses of the dealers and brokers within three days.
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