AGL 40.01 Decreased By ▼ -0.02 (-0.05%)
AIRLINK 128.10 Increased By ▲ 0.40 (0.31%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.57 Decreased By ▼ -0.03 (-0.65%)
DCL 8.80 Increased By ▲ 0.01 (0.11%)
DFML 41.80 Increased By ▲ 0.22 (0.53%)
DGKC 86.00 Increased By ▲ 0.21 (0.24%)
FCCL 32.68 Increased By ▲ 0.19 (0.58%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.15 Increased By ▲ 0.60 (5.69%)
HUBC 110.99 Increased By ▲ 0.22 (0.2%)
HUMNL 14.91 Decreased By ▼ -0.16 (-1.06%)
KEL 4.90 Increased By ▲ 0.02 (0.41%)
KOSM 7.43 Decreased By ▼ -0.02 (-0.27%)
MLCF 40.30 Decreased By ▼ -0.22 (-0.54%)
NBP 61.75 Increased By ▲ 0.70 (1.15%)
OGDC 194.98 Increased By ▲ 0.11 (0.06%)
PAEL 27.45 Decreased By ▼ -0.06 (-0.22%)
PIBTL 7.84 Increased By ▲ 0.03 (0.38%)
PPL 153.50 Increased By ▲ 0.97 (0.64%)
PRL 26.87 Increased By ▲ 0.29 (1.09%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 84.10 Decreased By ▼ -0.04 (-0.05%)
TELE 8.02 Increased By ▲ 0.06 (0.75%)
TOMCL 36.94 Increased By ▲ 0.34 (0.93%)
TPLP 8.75 Increased By ▲ 0.09 (1.04%)
TREET 17.38 Decreased By ▼ -0.28 (-1.59%)
TRG 58.90 Increased By ▲ 0.28 (0.48%)
UNITY 26.84 Decreased By ▼ -0.02 (-0.07%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,644 Increased By 452.5 (0.48%)
KSE30 29,391 Increased By 189.5 (0.65%)

Supreme Court (SC) on Saturday sought the records of Omni Group from Federal Investigation Agency (FIA) by October 30, 2018, which was followed by arrest of Nimar Majeed, son of Chairman Omni Group Anwar Majeed from the court premises. A larger bench of SC headed by Chief Justice of Pakistan (CJP) Mian Saqib Nisar took up the issue of disappearance of sugar stocks worth billions of rupees pledged against the bank loans from sugar mills of Omni Group and showed displeasure over the disappearance of this stock.
"Where were police and FIA when the pledged sugar stock against bank loans was being transported from sugar mills of the group?" CJP asked and stated that all those responsible for disappearance of sugar stocks must be taken to task.
Director General FIA Bashir Memon told the court that nine cases have been registered against Omni Group over disappearance of this sugar stock and informed the court a total of nine sugar mills are operating under the umbrella of Omni Group.
DG told the court that Omni Group's owners own these mills when CJP inquired about the ownership of these sugar mills. He stated Omni Group had sugar stock worth Rs 14 billion, however now only two billion rupees worth of sugar stock was left available in the sugar mills.
CJP also directed to interrogate Anwar Majeed after FIA top official told the court he could be involved in the disappearance of sugar stock.
During the course of hearing, CJP stated that he came to know that arrested people related to Omni Group are using mobile phones in jail and ordered that all mobiles from these persons should be taken away immediately.
"They are issuing directives from mobile phones despite being in jail," Justice Nisar said and directed IG Prisons to confiscate all these mobile phones with a warning that strict action would be taken if court orders were not implemented.
Omni Group's counsel submitted that statements of Omni Group can be recorded if FIA didn't arrest them, to which the CJP said that the court can't do anything as the matter rests with FIA.
He ordered to register cases against those involved in illegal practices and directed FIA to produce all the records of Omni Group in the court on October 30, 2018 when the apex court would hear the case in Islamabad. "Omni Group should submit its reply in the court in Islamabad," the CJP ordered.
As the hearing of the case was adjourned, FIA personnel arrested Nimar Majeed, a son of Anwar Majeed, from the court premises when he came out of the courtroom. Nimar Majeed is wanted in different FIRs, in which he has been accused of playing a role of in the disappearance of sugar stock from the group's mills.
Earlier, the counsel for bank, which extended loans against the pledged sugar stocks, told the court that this stock disappeared from the sugar mills of Omni Group and prayed the court to issue directives against those involved in it.
SC also rejected the plea of Anwar Majeed for providing him B-Class facilities in Jail after counsel of accused in money-laundering case moved the court on the ground that his client is entitled to B-Class facilities in jail. CJP rejected the plea of Anwar Majeed and remarked how such facilities can be provided to people who have stolen the resources of the nation.

Copyright Business Recorder, 2018

Comments

Comments are closed.