Court grants Hamesh Khan remand to NAB
June 9, 2010 by Trend PK
Filed under Breaking News
LAHORE: An accountability court in Lahore on Wednesday extended the remand of the prime accused Hamesh Khan for 14 days in the Bank Of Punjab fraud case.
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Court grants Hamesh Khan remand to NAB
Hamesh taken back to Lahore after hearing
LAHORE: Central accused of Bank of Punjab (BoP) fraud case Hamesh Khan has been taken back to Lahore following the hearing at the Supreme Court on Wednesday.
The officers of National Accountability Bureau (NAB) escorted Hamesh Khan to from Islamabad to Lahore airport from where he was taken to NAB detention facility in an armored vehicle.
Strict security arrangements were put in place in Lahore on the occasion of Hamesh Khan’s arrival in the city. Even media men were not allowed to stay in the lounge of Lahore airport for coverage.
NAB recovers Rs32.5m from Hameshs relatives account
NAB has transferred Rs32.5 million from Hamesh Khans brother-in-law Arifs account to Bank of Punjab.
NAB has started paper work for the auction of Hamesh Khans property including 2 bungalows in Defence, 15 plots and hundreds of kanals land in Hamesh Khans native village. NAB has already handed over to the Punjab Bank the assets, vehicles, jewelry and pens worth Rs 2.09 billion recovered from Sheikh Afzal and accomplices. Other recoveries from Sheikh Afzal would also be handed over to Punjab Bank. Sheikh Afzal has revealed a number of important facts.
Nawaz demands govt to take action against murderers of Bugti
Pakistan Muslim League-N leader Nawaz Sharif has alleged the government for damage and difficulties Pakistan is facing today. He said that the government has failed to perform its basic duties during the last two years.
Speaking to part representatives in London, Sharif said that the masses are suffering from energy crisis and inflation. He added that proper planning should have solved the issue to power crisis by 60 percent.
Sharif said that there was a need to find out the reasons behind the current instability in Pakistan and that democracy should be allowed to grow in the country at all cost. He criticized the government for not taking action on Akbar Bugti case. Nawaz Sharif declined to comment on protesting against the government.
Sharifs pressurizing Hamesh: Shujaat
Pakistan Muslim League-Quaid (PML-Q) leader Chaudhry Shujaat Hussain has accused that Punjab Chief Minister Shahbaz Sharif of pressurizing Hamesh Khan was warned of dire consequences if he did not become an approver against Chaudhry Pervaiz Elahi.
Addressing a press conference at his residence in Lahore Shujaat said, that Hamesh Khan was threatened when he rejected a loan application of the Sharif family for their sugar mill. He demanded the federal government to provide protection to Hamesh Khan. He said that PML-N should concentrate on good governance instead of plotting against others.
Hamesh Khan handed over to NAB on remand
LAHORE: Accountability Court here handed over main accused of Punjab Bank scam Hamesh Khan to National Accountability Bureau (NAB) on 14 days of remand on Saturday.
NAB officials presented Hamesh Khan before the court today and sought remand of the former top official of the Bank of Punjab. The court granted 14 days remand to the NAB.
Spokesman of NAB told media that Hamesh Khan has been accused of abuse of power and sanctioning Rs9 billion in loans to Sheikh Afzal, the Chief Executive of Haris Steel Mills on fake identity cards. So far Rs. 6.10 billion has been recovered in Punjab Bank scam and the amount has been given to Punjab Bank. Hamesh Khan will be presented in Supreme Court on May 26.
Court sends Hamesh on 14-day physical remand
Lahore Accountability Court Saturday granted NAB a 14-day physical remand of Hamesh Khan, the prime accused of Bank of Punjab scam.
NAB officials presented Hamesh Khan before the court and sought remand of the former top official of the Bank of Punjab. After the hearing, Additional Director NAB, while talking to media, said that Hamesh would not be mishandled or tortured during grilling.
He added that NAB investigates a case on scientific basis and there is no room for torture. Deputy Director NAB Hasnain and other officials also appeared before the court.Barrister Mehmood Sheikh, counsel of Hamesh, said his client reposed trust in Pakistani courts and he himself returned back to Pakistan.
Hamesh Khan has been accused of abuse of power and sanctioning Rs9 billion in loans to Sheikh Afzal, the Chief Executive of Haris Steel Mills on fake identity cards.
BoP scam accused handed over to NAB
WASHINGTON: The US authorities on Thursday formally handed over the custody of Hamesh Khan, the prime accused in Bank of Punjab fraud case, to the officials of National Accountability Bureau.
The NAB spokesman said that three-member NAB team would bring Hamesh Khan back to Pakistan on Friday.
NFC Award Meeting Today
LAHORE, Pakistan News: The 7th National Finance Commission (NFC) Award meeting will continue on the third day under the chairmanship of Federal Finance Minister Shaukat Tarin here on Friday, it is hoped the award would be announced today.
A two-day meeting of the 7th NFC Award concluded late Thursday night without finalising horizontal distribution of resources. According to sources privy to developments, representatives of all the four federating units failed to reach an agreement over the contentious issue of horizontal sharing during the two-day meeting in Lahore.
Another informal session could be convened on Friday morning as the Thursday talks failed to yield a positive outcome. The sources said the federal government agreed to shed its share under the vertical formula to 56-57.5 per cent from previous share of about 46pc. The provinces want to increase the vertical share to 60 per cent. Nevertheless, major increase in the share of provinces has made the four chief ministers heave a sigh of relief.
According to sources, only Balochistan will get greater share of resources from the federal divisible pool, compared with the last NFC Award, and remaining provinces will have to bear losses in revenue percentage wise.
Sources claimed that overall share of Balochistan under horizontal sharing will go up to 9.2 per cent from present paltry 7.1 per cent. Share of Punjab will be curtailed to 51.9 per cent from present 53 per cent. Sindh will have to get 23.8 per cent resources against previous over 24 per cent share, while NWFP will be given 14.24 per cent share against previous allocation of 14.89 per cent.
Apart from provincial representatives, all four chief ministers also participated in negotiations Thursday evening.
NFC Award Meeting Today was first posted on December 11, 2009 at 2:48 pm.
Arrest of Hamesh Khan an Important Achievement, Remarks CJ
Pakistan News: Chief Justice Iftikhar Muhammad Chaudhary has remarked 
during the hearing of Harris Steel Mills case that it seems as if the DG FIA has been penalized and transferred for assisting the court. The CJ asked during the hearing that why was the DG FIA being changed despite the fact that he played a key role in the arrest of the Bank of Punjab scam accused, adding that it seemed he was punished for helping the court. The CJ added that the arrest of Hamesh Khan is an important development. The NAB officials told the court that it would take some time to bring Hamesh from the US. The apex court has directed action against Islamabad Chief Commissioner for helping Harris Steel Mills’ owner Sheikh Afzal escape. The court adjourned the hearing till December 16.
Arrest of Hamesh Khan an Important Achievement, Remarks CJ was first posted on December 11, 2009 at 3:39 pm.
