ISLAMABAD (Daily Point) — The Supreme Court (SC) has issued its verdict on the Bahria Town Payments Case, expressing concern about the presence of suspicious foreign funds in the court’s account.
The court deems it a misdemeanor to retain such money without proper authorisation, emphasizing its disappointment over funds sent from abroad without the Supreme Court’s permission.
The verdict criticizes the unnecessary involvement of the Supreme Court in funds seized by the National Crime Agency (NCA) and suggests a potential link to criminal activities. Notices have been issued to the senders of the foreign funds, with Mashreq Bank being the only entity providing an explanation for the transaction.
Referring to the money as “Peter ko loot Kar Pal Ko Dene,” the judgment asserts that both the foreign funds and the profits earned should be remitted to the Government of Pakistan. Additionally, the court declares Bahria Town insolvent due to its failure to meet installment payments and underscores the company’s default on the consent agreement.
The written decision highlights Bahria Town’s prolonged non-compliance with the consent order, citing a failure to deposit installments as agreed. The judgment concludes that there is no justification for keeping the money in the registrar’s account and advocates for its transfer to the government of Sindh, asserting that the funds rightfully belong to the people of the province.
