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A district court ordered the SHO Shorkot to proceed in accordance with the law and register an FIR for alleged theft of pledged stock of 3,41,840 sugar bags against the owners of Kashmir Sugar Mills who are stated to be relatives of Mian Nawaz Sharif.
The petitioner Muhammad Ahmed representative of M/s Sardar Enterprises and Khalil Anjum of MYK Associate (Pvt) were appointed by the banks for guarding the pledged stock as "Muccadam". They sought case against accused owners Javed Shafi, Shahid Shafi, Mst Khalida Pervaiz, Zahid Shafi and Tariq Shafi. The petitioners also sought case against Qaisar, manger accounts officer, Waqas, deputy accounts officer and Muhammad Arshad, assistant accountant.
Muhammad Ahamed pleaded that 1, 24,440 bags of sugar were pledged by Kashmir Sugar Mill Limited with the Bank of Khyber and bank deputed the company for watch and ward of the pledged stock.
While petitioner Khalil Anjum implored the court that 2,17,400 sugar bags were pledged by Kashmir Sugar Mill Limited with Bank Alfalah Limited and bank deputed for watch and ward of the pledged stock.
They contended that on March 27 and 28, 2019 they were informed by their godown keepers that the accused persons forcibly succeeded took away the sugar stock. They submitted that police were called there but all in vain.
The counsel for accused persons in reply implored the court that it is the matter between bank and customer. He gave some citations and told the court that the criminal proceedings could not be initiated as the matter is to be dealt with by the special court under provision of Financial Institution (Recovery of Finance) Ordinance XLVI of 2001.
The court after hearing both the parties at length observed that the petitioners, were in agreement with the Bank of Khyber and Bank Alfalah Limited, for safety of the pledged stock hence the accused persons prima facie committed theft and petitioner has right to approach for registration of an FIR.

Copyright Business Recorder, 2019

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