Wednesday, September 29, 2010
Supreme Court demands list of bank loans written off
ISLAMABAD: The Supreme Court of Pakistan has ordered to be provided a list of ten written-off loan bank cases next week; Chief Justice (CJ) Iftikhar Muhammad Chaudhry has said that an order will be issued for the recovery of the complete amount which has been cheated in the name of pardon.
During the hearing of written-off loan cases in the Supreme Court, counsel of civil society Iqbal Haider argued that the establishment has promoted a culture of nonpayment in the country which enhanced immunity towards loans.
In his reply, the Chief Justice said in order to bring money back from abroad, a 17 member bench of the Supreme Court can be asked to issue an order.
The CJ added that if money is brought back from foreign countries, the court can then provide some relaxation. “All those officers should be taken to task who issued loans on insufficient guarantees,” the Chief Justice added.
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