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Banking Court restores 18 criminal complaints against Omni Group

byM.B. Rana
15/10/2019
in Karachi, Latest News
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KARACHI: The Banking Court Judge Saad Qureshi has restored more than a dozens of criminal complaints filed against Anwar Majeed, Chief Executive Officer (CEO) of Omni Groups, his sons and others co-accused persons, who are booked in 20 criminal complaints filed by Summit Bank, Sindh Bank and National Bank of Pakistan for sold out stock of sugar reserved as bank guarantee worth billions of rupees.

October 14, 2019, court Adiyala Jail authority to produce Abdul Ghani Majeed before the court, court also issued notices to accused persons namely Ali Kamal Majeed, Mustafa Zurqonan Majeed, Saima Majeed, Minhal Majeed, Nimmer Majeed and directors of their sugar mills.

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Earlier, counsel for the Summit Bank, Sindh Bank and National Bank of Pakistan submitted applications for restoration of these cases and informed that on the direction of Supreme Court of Pakistan, they tried to settlement with the Omni Group, however, there is no progress and Omni Group is not ready to paid all due amounts, therefore, court may restore their criminal complaints.

It needs to the mentioned here, former Chief Justice Saqib Nisar has taken suo moto notice against Omni Group and directed the Federal Investigation Agency (FIA) and concerned banks to initiate proceedings against Omni Group which sold out sugar which was lying at their sugar mills as bank guarantee and without intimation and permission of banks, selling said sugar is criminal act.

 

 

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