The Islamabad High Court (IHC) on Wednesday issued contempt of court notices to Zarai Taraqiati Bank Limited (ZTBL) President Zaka Ashraf, State Bank Governor and other top officials of ZTBL. The court also sought response from ZTBL Finance Secretary Waqar Mahmood and acting ZTBL President Raees Roohi Khan.
ZTBL Agriculture Area Specialist Dr Muhammad Amin, earlier alleged in a petition with the IHC that the ZTBL president has not complied with court orders that rendered his appointment unlawful.
He maintained that Lahore High Court Rawalpindi bench in its judgment on August 27, 2010 declared that the appointment of the ZTBL president has been made unlawfully and cannot be sustained, but Ashraf filed an intra-court appeal against the order and the court gave him interim injunction till October 5, 2010. He said that Ashraf is maintaining his office even though his interim injunction order has expired.
Published in The Express Tribune, October 20th, 2011.
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