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SC turns down Bahria Town’s offer to pay Rs200b to avoid NAB reference

SAMAA | - Posted: Jan 15, 2019 | Last Updated: 2 years ago
Posted: Jan 15, 2019 | Last Updated: 2 years ago
SC turns down Bahria Town’s offer to pay Rs200b to avoid NAB reference

The real estate developer has been granted a week's time to submit its reply

Bahria Town’s offer to deposit Rs200 billion to avoid legal proceedings for acquiring land illegally for its three projects in Karachi, Islamabad and Murree was turned down by the Supreme Court on Tuesday.

Bahria Town’s counsel offered to pay Rs200 billion to waive the charges against the real estate developer. Justice Azmat Saeed, however, told the counsel that a fine of Rs285 billion had already been imposed on the real estate developer in 2004.

He said that three separate verdicts had been passed against Bahria Town so the payment offers should also be separate.

On this, the real estate developer counsel offered to increase the payment to Rs250 billion.

Justice Saeed responded that this was no way to deal with the matter and warned that the apex could ask NAB to file a reference.

Related: Fake accounts: Supreme Court unfreezes Bahria Town’s accounts

On seeing the matter worsen, the Bahria Town counsel asked for a week’s time to submit a reply. The request was granted and the hearing was adjourned.

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  1. Samina Iqbal  January 16, 2019 5:17 pm/ Reply

    It is total black mail of a good person

  2. Samina  January 17, 2019 3:28 pm/ Reply

    I think malik riaz must not be punished he spent much in Pakustan and he provided an excellent living standart to people of Pakistan which nobody can even think in dream

  3. Murad Khan  January 17, 2019 9:42 pm/ Reply

    The offer made by M Riaz is quite reasonable. We have just 9.2 billion collected in the Dams Fund till now. This big amount of 250 B would be very supportive to the Pakistan economy as well as for the Dams we have to build. I think the matter should be resolved between 300 to 350 billion. There should be no delay in this matter.

  4. Tariq Aleem  January 18, 2019 10:48 am/ Reply

    I think what sameena said and what murad suggested is best to settle the deal on other part if Bahria Town grabed the land of poor people Malik Riaz must pay the present value of thier land immediately to the owners.

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