Five generals also got their loans written off

[third eye]

Five generals also got their loans written off
Sunday, December 06, 2009

ISLAMABAD: If you thought that only civilian and politicians got billions of rupees worth of loans written off from state-owned banks, you thought wrong.

Records now show that many top military officers got their loans written off. This lucky lot included five lieutenant generals, two major generals and a battalion of other senior uniformed beneficiaries, with some Army (mis)managed institutions to boot.

The Army controlled institutions also got their share from the national plunder with the Army Welfare Trust (AWT) got a massive loan written off worth Rs 14.49 million from a state-owned financial entity, which is now defunct (hardly a surprising fate).

Some of the cases were, however, genuine as their loans were written off in accordance with rules.

According to the official list of loan write-off beneficiaries tabled in the National Assembly, Lt General (retd) Ali Kuli Khan and his father Lt General Habibullah Khan had their loans written off. General Kuli had shot to prominence when he was ignored by the then prime minister Nawaz Sharif in favour of Gen Musharraf in a bid to succeed General Jehangir Karamat as the next COAS.

The list shows that General Kuli Khan got two loans written off from the Allied Bank of Pakistan while he was still serving in the Army in the mid 90s. The first loan was of Rs1.8 million and second was Rs1.6 million outstanding against Janana De Malucho Textile Mills Limited, Kohat owned by his father General (retd) Habibullah Khan. General Kuli was then one of the directors of the textile mills. After the death of General Habib, he became the chief executive of this textile unit. General Habib, too, was a beneficiary of this loan write off.

It’s a little known fact that Chief of the Army Staff General Ashfaq Parvez Kayani had once served as the staff officer to General Ali Kuli Khan during his stint as Chairman Joint Chiefs of staff in 1998 when Jahangir Karamat was the Chief of Army Staff (COAS). General Kuli shot to prominence within the ruling political circles when he was heard opposing the forced resignation of General Kamarat and had indicated to make Nawaz Sharif ‘fall in line’ if he became the next COAS. Later, Gen Kuli Khan had denied this charge in an interview with this correspondent. But, Ch Nisar Ali Khan had also confirmed to this correspondent in an interview that Ali Kuli was not elevated to the post of the Army chief precisely for this reason after some of his quotes were conveyed to Nawaz Sharif.

Talking to The News from Peshawar, General (retd) Ali Kuli Khan said that he “did not remember” getting any loan written off by him during his military service. General Kuli said, “There might be some rescheduling of the loans by the banks outstanding against the mills.” He said only the politicians get loans written off by using their clout. Of course, general can dare anyone argue with that logic.

Lt General (retd) K M Azhar, who later became active in politics, of Rex Breen Batteries got Rs16 million written off by the Agriculture Development Bank. His business partners were Misbah Azhar, Sward Azhar, Ahmed Jamal Siddiqui, Syed Ijaz Ahmed Hashmi, Mauro Dr Bashir Ahmed.

Lt General (retd) SA Burkey and Lt General (retd) Safdar Butt also figure amongst the happy generals benefiting from the state institutions generosity.

Another prominent name on the list is that of Air Marshal (retd) A Rahim Khan.

Air Marshal (retd) Viqar Azeem also got Rs15 million written off from Pakistani Kuwait Investment Co. Lt General (retd) SA Burkey, Major General Zahid Ali Akbar, Brig MM Mahmood, Begum Omar Mahmood, Saeed Ahmed also got loans written off.

Gohar Ayub Khan, brother of General Kuli Khan—Raza Kuli Khan also got a loan of Rs7.2 million written off against Rehana Woolen Mills. Tariq Ayub Khan, Zahid Ahsan, Ahsan Khan were the directors of the mills whose loan was written off by the financial institution SAPICO.

Major General (retd) M Mumtaz from Abbottabad, Lt Colonel (retd) Shaukat and Major (retd) Tajuddin Rs1.2 million, Major General (retd) Ghaziuddn are also in the list. Major General (retd) G Umar also got Rs8.5 million written off from the Agriculture Development Bank.

Lt General (retd) Safdar Butt, Major General (retd) Abdullah Malik, Brig (retd) M M Mahmood, Col (retd) M Zafar Khan, Mohammad Afzal Khan, Mrs Hamida Farhat also got benefits from the UBL. General (retd) Abdullah had resigned after the military coup of General Zia and had opposed the military take over of July 1977.

Talking to The News, Brig (retd) Mahmood denied that his industrial unit EFF, EFF Industries had got the loan written off. He clarified that he had entered into an agreement with the bank but this package was never implemented until recently.

The list also names Brig (retd) M A Baig and Qamar Ahmad, BA Siddiqi, Zubair Rashid, Mohammad Sadiq Baig, Riazur Rehman, Mrs Mamomnna Khatoon, Mrs Mehr Riaz, Mr Taufiq Ahmed Rs 1.09 million (UBL). Lt-Col (retd) Ch M Anis Ahmed, Col Atta ullah, Shahid Atta, Mst Qamar un Nisa Rs 2.6 million, Irfan Rice Mills of Col (retd) Nazar Hussain Rs 1.6 million, Mehr Textile Mills, Chakwal, Col Mohammad Ayub Khan, Ch Nisar Ali Khan, Ch Asad Ali Khan, Mrs Sultana Zakia, Mohammad Nawaz, Ch Ghulam Ali Khan. Major General (retd) Khadim H Raja, Air Marshal (retd) A Rahim Khan, Mrs Sattar Azim Khan also got loan written off.

Mohammad Textile Mills Limited of Air Commodore (retd) Amanullah got a loan of Rs95 million written off from the UBL. His other business partners were Khurshid Alam, Mohamamd Rafiq, Mrs Bilquis Begum, Tanveer Ahmed, Naseer Ahmed, Begum Sultana Fammay Khan, Sobia Fammy Khan.

Air Vice Marshal (retd) Ata Elahi Sheikh of the National Fructose Limited also got Rs43 million written off. His business partners were Shakirullah Durrani, Mohammad Aslam, Qamaruzaman, Syed Safiullah, Dr Mohammad Yousuf, Khan Akbar Majeed and TR Sariq.

Sairani Cotton Ginning Factory owners Capt (retd) Shahraz Latif and his business partners Shahnaz Latif, Ch Mohammad Ashraf also got loan written off. Air Marshal (retd) A Rashid Sheikh, Air Vice Marshal (retd) S Moinur Rab, Group Captain (retd) Mohammad Ismal Khan, Salman Rashid of Sky Rooms Limited got Rs 8.4 million loan written off. Brig (retd) SM Bakar Naqvi, Mian Ahmed Rabbani, Pervez Iftikar Khan, Abdul Aziz, NM Khanzada and Major (retd) Afzalul Haq also among the beneficiaries.

Col (retd) M Yaqoob of Aswan Tentage and Canvas got a huge loan of Rs276 million written off from Bankers Equity. His other business partners were Col (retd) M Yaqoob, Mohamamd Afzal Chugtai, Mohammad Siddiqi, Haji Ghulam Sabir and Idris Ahmed Butt. Farook Pulp of Mjaor Nasim A Farooqi, Naeem A Farooqi, Pervez Farooqi, Munir Ahmed Khan and Saleem Farooqi got 2.1 million loan written off.

Captain (retd) Shaukat of Locus Enterprises got Rs8.8 million written off. His business partners were Wiqar Abbas, Khalid Khan, Col (retd) M Sadiq Khan, Nabil Hasan, Masoud Abbasi and Abdul Razak. Raja Iftikar Kiani of Ms Alliance Textile Mills, Jhelum got a wavier of Rs16 million from the MCB.

A Lt-Col, who owned the Meditex Intl got Rs6.322 million written off from the HBL. His business partner was Col (retd) Bashir Ahmed. Commander Abdul Latif also got Rs 10 million written off. Shangrila Macropole Inn, Lahore got Rs4.3 million loan written off. Brig (retd) Mohammad Aslam Khan and Co got Rs4.3 million written off. Feroz Sons Textile Mills Mirpur owners Col (retd) Munir Hussain, Nasim Farms’s and Major General (retd) Qazi Nasim Majeed are also among the beneficiaries.

Col (retd) Saleem of Special Iron and Steel Mills Limited, Lt General (retd) Habibullah Khan, Brig (retd) M Jan Hahang M Khandawala, Raza Kuli Khan, Col (retd) M Sharif Khan, Begum Tehmina Habibullah, M I Khurram, M Nazir Khan and IA Khurram are also among the beneficiaries.

Major (retd) Mohamamd Anwar, S Aijaz Ali Shah, S Amjad Ali Shah, S Ghulam Qadir, S Aftab Ali Shah, S Ali Gohar Shah, S Amin Shah also on the list. Lt-Col (retd) M Jaffar, JH Dinshaw Rs 7.2 million, Chemphar Pakistan Limited of Brig (retd) Shareef Rahat, Captain (retd) AM Murad and Major (retd) Tariq Baig are also among the beneficiaries.

 

[Cheetah786]

LOL i am not a bit surpprised but the problem is once civilians come in they do the same

 

[jamal18]

Pakistani's have this strange belief that the military is immune from the vices of civilians.

They are the same people.

Punish them all the same.

 

[third eye]

A sorry tale | Pakistan | News | Newspaper | Daily | English | Online

A sorry tale
Published: December 8, 2009

WHILE writing off loans is a legitimate activity the banks have recourse to the world over, in the course of dealing with debtors who somehow become insolvent, in Pakistan it has been massively exploited by the influential sections of society belonging to, or associated with, the ruling classes. The total amount thus given away between 1982 and 2008 came to a whopping Rs 274 billion. Barring the earlier decades of the country's existence, when such privileged people regarded even the charge of corruption as a matter of shame, the later period saw them first getting loans and then actively working to have them written off on devious grounds. Hundreds of billions of rupees have thus been swindled; the list of beneficiaries would read like a political, bureaucratic (civilian as well as military) and business who's who; the losers, obviously, are the shareholders and ordinary depositors. The pity is that as the common man stood deprived of the use (development projects directed at his welfare) of the money, the already rich kept lining their pockets unabashedly.
For the past few days, the newspapers columns and TV talk shows have been talking aloud about the looted wealth. Some prominent personalities out of the more than 8,000, who drew benefit from 1982 to October 1999 and yet more during the Musharraf period, have even been named. However, the reaction, as one could expect from Pakistan's current morally degraded setting, has been either plain denial of having done anything wrong and 'outrage' at the inclusion of the name or a vain attempt to justify the write-off on the basis of pure business exigency. Those opposition leaders who have come forward to criticise the practice of manoeuvring a loan write-off have confined themselves to mentioning the need for accountability, but in general terms, and demanded the return of the looted wealth that has presumably been taken abroad for profitable investments.

The nation, with one voice, is demanding genuine accountability, not of the type contained in the proposed legislation drafted by the government. This is an occasion for all right thinking politicians, especially those sitting in the opposition, to take concrete steps. PML-N leader Mian Nawaz Sharif has simply constituted a committee to go into the matter and Chief Minister Mian Shahbaz Sharif has promised the filing of a writ petition in a court of law. The PML-N has not turned down outright the PPP's offer to join the federal government as a quid pro quo for scrapping the 17th Amendment, which one expected it to do, but has made a vague statement that if at any stage it considered its participation could serve the national cause it would do so. It must be clear that any move that could result in the hushing up of the scandal would not find favour with the public.

 

[fatman17]

these generals or officers were all retd and went into business as civilians and joined the 'culture'. i am not defending them. they should be tried in civil courts if there is any wrongdoing. the 'innuendo' being spread is that these officers had taken loans while they were in service which is not true.

there is corruption in military procurement (just like everywhere) and the corrupt should be booked if proven guilty.

 

[araz]

these generals or officers were all retd and went into business as civilians and joined the 'culture'. i am not defending them. they should be tried in civil courts if there is any wrongdoing. the 'innuendo' being spread is that these officers had taken loans while they were in service which is not true.

there is corruption in military procurement (just like everywhere) and the corrupt should be booked if proven guilty.

fatman
There is a reason why these news come out and are presented in this way. In the past the Retd senior personnel of the armed forces have used their influence to gget benefits. The army being a strong institution, there has been a reluctance on the part of everyone in the past to bring these issues to the front.There have been inuendos that various claims by the top brass about providing justice when in power have not borne fruit because of these elements who do not want their brethren to be treated like "common people". I think finally this has changed and I think this is a very good step. no one should be above the law and everyone inspite of their ranks should be tried and if forund guilty should be punished.
Araz