ISLAMABAD, February 15: Islamabad High Court (IHC) has issued notices to Mian Mansha, State Bank, Federal Board of Revenue (FBR) and others in the case regarding siphoning of money to off shore accounts and construction of hotel in London allegedly by Mian Mansha group.
The court has sought reply from them within two weeks.
A 2-member bench of IHC comprising Justice Shaukat Aziz Siddiqui and Justice Mohsin Akhtar Kiani took up the case for hearing Monday.
Advocate Shoaib Razzaq appeared in the court on behalf of Pakistan Welfare Party and told Mian Mansha transferred illegally currency worth billion of rupees to foreign countries and out of this money he constructed a hotel worth 70 million pounds in London. Senate committee had pointed it out. Senate committee had written a letter to state bank for confirmation that Mian Mansha siphoned of the money to off shore accounts from where and how.
State bank told the Senate committee that the bank has no verification about it. As per state bank rules it is necessary to seek permission from bank for transferring Rs 5 million and beyond.
Advocate Shoaib Razzaq further told the court that Nishat Group and Mansha family have said that they had transferred the money after paying the tax. We have brought this case in IHC so that it should give orders to NAB for initiation of further action. The court while issuing notices to all concerned adjourned the hearing of the case for two weeks. -Online
