Fake bank accounts case: SC gives JIT two more weeks to complete probe
ISLAMABAD (92 News) – The joint investigation team on Monday submitted its progress report on the case of money laundering though fake accounts in the Supreme Court.
The court gave two more weeks to JIT complete the investigations.
The court also ordered to shift Abdul Ghani Majeed to Adiala Jail and produce him on the next date of hearing in Lahore Registry.
The CJP remarked that they will quash the criminal case if the amount sent abroad through ‘Hundi’, money laundering and launches. “What is the need for the bail if you do not want to settle matters with the banks?” the CJP told Nimar Majeed.
According to the report, Omni Group received a loan of Rs 13 billion from banks for eight sugar mills and gave the guarantee of 7,525,536 sugar bags, while 6,692,946 sugar bags are missing.
As a result, the banks suffered a loss of Rs 11.5 billion.
Nimar Majeed continued to wipe his sweat when the court hinted at arresting Nimar Majeed and taking over Omni Group.
“We call representatives of the banks from who Omni Group had received the loan. It was not banks’ money, but it belonged to the people. The court will appoint its representative after all banks will unite,” the CJP remarked.