Khanani, Kalia acquitted in PEC Ordinance case

KARACHI: Javed Khanani, Haneef Kalia and Munaf Kalia were acquitted in a case filed under the provisional electronic crimes ordinance by judicial magistrate Dr. Shabana Waheed in Karachi on Monday.

SC told Rs7.5bn of Rs9bn BoP loan scam recovered

ISLAMABAD: The Supreme Court was told here on Monday that Rs7.5 billion, out of the Rs9 billion Bank of Punjab (BoP) loan scam, had been recovered from Sheikh Afzal, the chief executive of the Haris Steel Industry, and his accomplices by seizing foreign and domestic assets owned by the accused.
 
A three-judge bench, comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Anwar Zaheer Jamali and Justice Khilji Arif Hussain, which had taken up the petition of the Bank of Punjab against the steel concern also withdrew the protection it earlier had granted to Seth Nisar, one of Sheikh Afzal’s brothers and co-accused in the scam, when it was informed that he was not cooperating with the National Accountability Bureau (NAB). The court ordered the bureau and other investigating agencies to proceed against him according to the law.