Prime Minister Raja Pervaiz Ashraf faces possible disqualification from contesting the upcoming elections as a company co-owned by him has been declared a defaulter by the Capital Development Authority (CDA).
Official documents revealed that Ashraf and his two partners registered M/s Fairwin Enterprises with the registrar of the Islamabad Capital Territory on August 21, 1986 and bought a commercial plot in I&T Centre G-10/1 Islamabad. The plot was developed by the prime minister and his partners’ firm and over a dozen shops and 10 flats were constructed and sold to 18 different buyers.
The company purchased the plot on November 26, 1988 and sold it to a third party without clearing dues owed to the CDA worth around Rs2.06 million. The authority sent repeated notices to the company to clear the dues, but failed to get any response until 1994 when the plot was sealed vide a letter.
When the buyers were made aware that the amount was in arrears, they contacted M/s Fairwin Enterprises and requested it to pay the dues but to no avail.
Facing fears of eviction by the CDA, the buyers recently moved the Supreme Court.
Further, CDA Chairman Syed Tahir Shahbaz was axed from his position after he told the Supreme Court’s human rights cell that Ashraf’s company was a defaulter of the authority, sources said.
Shahbaz was also accused of misusing his authority. The prime minister then appointed Chief Election Commissioner Islamabad Tariq Mahmood Pirzada as the new CDA chairman.
The human rights cell of the apex court has directed Pirzada to submit a report. If proven guilty of default, Ashraf faces disqualification under section 12 (C) and 12 (D) of the Representation of Peoples Act, 1976.
Published in The Express Tribune, March 17th, 2013.
COMMENTS (7)
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@Tariq Ali:
Itefaq Foundry is the biggest defaulter of loans.
If he is NOT disqualified it would be a disgrace.
Normally the rules are that at the time of transfer all arrears must be cleared. How these people got around this remains to be seen. Honesty has not been the best policy for PPP or PPPP whatever.
If there is proper scrutiny, than a lot of rotten eggs will be shunted out from politics. The presen lot from the AZ led PPP will almost 90% be declared unfit, so will be the case with PML-Q. And MQM. Similarly few from PML-N, PTI, JUI-F, and ANP should also be scr evened out. Ther should be no room fo r land mafia and dual nationals in politics.
ET just trying to create sensation... Nothing will happen (as usual)
Best news for Sunday. Salams
In such transactions, the buyers normally deduct the amount of arrears from full and final payment made to the property sellers before handing/taking over vacant physical possession of the property.
Prime Minister Ashraf started his carrier as an estate agent and he should have cleared all the dues of the property before selling it to the property buyer.
Nonetheless, to clear the outstanding amount of the property is still the responsibility of the previous owner(s) of the property.