Summary LHC summoned reply till Nov-6
LAHORE (Dunya News)- Lahore High Court on Wednesday has summoned reply from federal government, provincial government and National Accountability (NAB) Chairman till November 6 in Rs80 billion Punjab Companies Scam case.
Justice Shahid Karim, during hearing, expresses exasperation over lack of action from NAB.
The petitioner informed LHC that local bodies’ representatives were supposed to perform the task under article-140 which is being performed by private companies.
Dunya News Investigation Wing had on Oct-25 unearthed mammoth irregularities worth over Rs80 bn in financial matters of 56 companies formed by Punjab government.
As per details garnered, Punjab govt had constituted 56 companies under guise of good governance and registered them under Article-42 of Companies Ordinance 1984. Punjab Chief Minister Shehbaz Sharif was inspired by the Turkish model and therefore summoned analysts from the same.
While deliberately turning a blind eye towards similar local companies operating in Pakistan, Sharif-led Punjab govt awarded dozens of contracts to Turkish conglomerates on hefty paybacks.
Rules were either disregarded or revoked while contracts were given on basis of sheer nepotism, thus inflicting hefty losses on provincial exchequer as Shehbaz Sharif issued mammoth Rs150 bn funds in this regard.
