HOME > Government

Bahria Town wants an end to all inquiries against its management in return for Rs485b

March 12 , 2019

Bahria Town has asked for complete legal immunity of its directors and management in return of its new offer of Rs485 billion.

The new proposal was submitted in the Supreme Court on Tuesday. After finalisation of the proposal all criminal and civil liabilities against its “directors (past and present), shareholders, management of BTPL and/or its associated entities shall cease to exist,” says the proposal.

Related: ‘Time’s up to make deals’: Supreme Court judge not happy with Bahria Town’s Rs435b offer

All “on-going inquiries, investigations by all agencies (NAB, FIA, FBR, Anti-corruption) in said matters is said to be ceased/waived/discharged,” according to the proposal. It asks for the court to refrain investigating agencies from investigations against the management for “all times to come”.

On May 4, 2018 the court ruled that the Malir Development Authority illegally granted land to Bahria Town.

The Sindh government had allotted the land to MDA for building a housing scheme. The MDA, however, exchanged the land with Bahria Town, the court said. Bahria Town was even barred from selling any plot or apartment in the housing scheme. The top court has been hearing a case on the implementation of its verdict.

The Bahria Town has made several proposals to get the land transferred to it. The court has rejected all the proposals so far.

In its new offer, Bahria Town has said that it will pay Rs485 billion for acquiring land illegally. It will pay Rs440 billion for the 16,896-acreKarachi Superhighway project, Rs22 billion for Takht Pari Rakh forest land, which spreads over 5,472 kanals, and Rs23 billion for Sulkhtar and Manga land.

Bahria Town said that it will make the down payment of Rs20 billion for Karachi land in six months, however, it wants the Rs10.75 billion it deposited in the court and Rs4.7 billion paid to the Sindh government to be readjusted in its Rs20 billion offer.

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

In six months, it will pay R4.55 billion. The payment will be made through daily installments of 30% of sales proceeds collected or depositing in BTPL’s accounts relating to project land.

The remaining Rs420 billion will be paid in monthly installments of Rs2 million during the first five years and “average” monthly installment of Rs8.33 billion in the subsequent three years.

The Bahria Town said that it may transfer any of the developed property or asset to the government in lieu of the payments outstanding and or sell any property or asset anywhere else to pay the outstanding amounts.

 

Follow SAMAA English on FacebookTwitter, and Instagram.

 

26 Comments

  1. Anonymous   March 12, 2019 3:26 pm/ Reply

    How unfortunate! The powerful wants immunity from law forever in return for a huuuuge payment. The law will be legally blind if this offer is accepted.

  2. Naveed   March 12, 2019 4:09 pm/ Reply

    Paid to whom, Sindh Government. What a joke. Money from one thief to another.

  3. Nawed Akhtar   March 12, 2019 7:57 pm/ Reply

    I thank S.C has made the right decision,talking MONEY FROM BTPL.
    S.C COURT SHOULD MAKE THESE KIND OF DECISION EVERY DAY SO OUR ECONOMY GETS BETTER.
    IF WE PUT PEOPLE IN JAIL WE HAVE TO FEED & Look after them.
    THEY Will talk there MONEY OUT PAKISTAN.

  4. Jamshed Rabadi   March 12, 2019 8:02 pm/ Reply

    A thief is a thief and should be dealt with financial as well as jail term. When petty thieves are jailed, why is he not?

  5. HFA   March 12, 2019 10:57 pm/ Reply

    Deal should be accepted. Why should ordinary citizens be punished for putting their hard earned money in bahria town plots. Mostly investors are overseas personal wanting to construct their homes there.

  6. Anonymous   March 12, 2019 11:20 pm/ Reply

    This gives the corrupt the licence to do more corruption they should all be put behind bars as a lesson for others not to commit such crimes and turn this country into a land run by mafia it would be better to impose relevant fines put these people in jail and confiscate all the property if unable to pay the fine appoint some reputable builders to carry on and finish the project and share the proceeds 60 :40 and deposit the funds with govt to build housing schemes for the poor.

  7. jehangir   March 12, 2019 11:36 pm/ Reply

    2million a month..Bullshit.480 billion ka monthly interest kitna banta hai?????ye to wo bhi nai denay ko ready..ulta latka k 10 lagao….5saal me dam khud bana k dega

  8. Hafeez Shaikh   March 12, 2019 11:49 pm/ Reply

    This proves that in Pakistan only money matters

  9. Sameer   March 12, 2019 11:57 pm/ Reply

    500 billion in 5yrs and we can have a deal. Now all we need is another 800 billion from Zardari and another 900billion from Nawaz for their ‘medical treatment.” after that we focus on the ppp and pmln cream ala cream.

  10. Danial   March 13, 2019 12:25 am/ Reply

    What good to Pakistan will the incarceration of these crooks bring? Atleast we can improve infrastructure with this money…

  11. .   March 13, 2019 3:09 am/ Reply

    Nobody would grant him a lifetime immunity for sure. Court must let him pay the much needed proposed amount in return for acquisition of 16900 acres of land.

  12. Syed Wali Mujtaba   March 13, 2019 5:56 am/ Reply

    The poor residents of goths which are more than,100 years old, may also be heard in the Supreme court, because they have been forcedly removed from their motherland by Sindh govt at the behest of the Bahria town. They must be compensated.

  13. Muhammad   March 13, 2019 6:55 am/ Reply

    Law for sale. Not acceptable.

  14. Nawed Akhtar   March 13, 2019 7:43 am/ Reply

    Hi

  15. Sbbb   March 13, 2019 9:22 am/ Reply

    settlement is the good option as it will save life time savings of middle class ppl invested in BTK. whats the point closing down whole project and let it rot for coming years

  16. Dr abdus sami   March 13, 2019 9:28 am/ Reply

    Chore agar chori ka mal wapis ker day tow uc ko koe saza nahi hua kery ghe

    This is a new law for powerful thiefs.

    Shame to all Govt agencies

  17. Nazeer   March 13, 2019 9:29 am/ Reply

    When SC has regularized Bani Gala and elites hold residential apartment in Islamabad, than why not on the payment offered by them.

  18. Khuwab   March 13, 2019 9:32 am/ Reply

    Has the valuation of the grabbed land done by the government? SC must tells the public what percentage of amount is being recovered through this offer? I doubt it won’t be more than 30%

  19. Ehtashamulhaq   March 13, 2019 10:26 am/ Reply

    If this deal is accepted it will give everyone a reason to do this the court needs to set an example do other do not do this the court must set an example put the project under a trustee who should make sure the justice is done. We must root out corruption and make it fair for everyone

  20. arsi   March 13, 2019 12:03 pm/ Reply

    what do you want ?? let the complete investment , building and structure of BTK demolished / destroyed ? our reserves and treasury need cash / money and our society need these kind of projects … but money should be transferred to our federal government

  21. MUZAFFAR   March 13, 2019 7:24 pm/ Reply

    The deal should come to an end. Now it is over and we r getting late in power sector as our country and industry needs dam desperately. Now the atmosphere has been developed against the robbers and good examples must be written down in pakistan history.

  22. Saleemurehman   March 13, 2019 10:49 pm/ Reply

    Our honourable judges, plz tell us, can we lease/Register our Bahria town plot? Ensure that customer can lease their plots.

  23. Fahad Adnan   March 14, 2019 6:03 am/ Reply

    State criminal Land grabber, should be hanged. Otherwise every second person will become Land grabber. To build nation bold steps are needed.

  24. Nadeem   March 14, 2019 10:00 am/ Reply

    Seriously disappointed after reading the comments above. For those supporting this and who are asking govt to accept the payment. SHAME. this is why this country is going down.

  25. Saleemurehman   March 18, 2019 10:22 am/ Reply

    Supreme court, plz allow public to get their plots leased. It’s a public property not Bahria town property. Public is owner of the land purchased not Bahria town. Why Bahria town is allowed to keep ownership, Are you people blind or taken bribe against it? Every one knows, how corrupt is judiciary. If you allow one society the rest will take advantage, quoting Bahria reference.

  26. Salman khan   March 18, 2019 10:31 am/ Reply

    Supreme court one wrong decision can bring nation building to zero level. Pakistan is suffering becoz of wrong decisions of supreme courts. Corrupts are paying bribes and get the work done as per their choice. Malik Riaz, spoke and accepted the same on tv channels, that I attach wheels with the files to run. Public knows except our judges.


Tell us what you think:

Your email address will not be published.

 
RELATED STORIES
 
 
 
 
 
 
 
 
MOST READ