LAHORE: Chief Justice of Pakistan (CJP) Justice Saqib Nisar on Sunday grilled Punjab Chief Minister (CM) and Pakistan Muslim League Nawaz (PML-N) president Shehbaz Sharif in Punjab companies scam case.
As per details garnered, the hearing of the case was held here at Supreme Court (SC) Lahore Registry.
CJP dismissed reply submitted by Shehbaz Sharif. To this, Sharif responded that CJP should announce verdict if he is not satisfied with the reply.
“I have served the nation. I have saved billions [in mega projects]”, asserted Sharif.
Dunya News Investigation Wing has unearthed mammoth irregularities worth over Rs80 bn in financial matters of 56 companies formed by Punjab government.
As per details garnered, Punjab govt had constituted 56 companies under guise of good governance and registered them under Article-42 of Companies Ordinance 1984. Punjab Chief Minister Shehbaz Sharif was inspired by the Turkish model and therefore summoned analysts from the same.
While deliberately turning a blind eye towards similar local companies operating in Pakistan, Sharif-led Punjab govt awarded dozens of contracts to Turkish conglomerates on hefty paybacks.
Before formation of these companies, 113970 employees were working in different departments across Punjab and the figure augmented to 157500 following arrival of Turkish corporations.
Rules were either disregarded or revoked while contracts were given on basis of sheer nepotism, thus inflicting hefty losses on provincial exchequer as Shehbaz Sharif issued mammoth Rs150 bn funds in this regard. Earlier, only six companies were formed but the amount soared to 56 in years to come.