Sharif family faces another setback from the Supreme Court of Pakistan
*ISLAMABAD: **Sharif family faces another setback from the Supreme Court of Pakistan*
The apex court has ordered auction of the ‘Brother Sugar Mills’ owned by a close relative of former prime minister Nawaz Sharif for defaulting on billions of rupees payments to farmers and banks.
Last year, the National Accountability Bureau (NAB) also initiated an inquiry into allegations that PML-N President Shehbaz Sharif had shares in the mills which has been a defaulter since 2015-16.
In 2016, the Lahore High Court (LHC) ordered the Punjab cane commissioner to seal the mills for defaulting on Rs840 million payments to cane growers.
The court also ordered that the sugar stocks worth Rs700 million be paid to the growers.
However, the LHC had not entertained a banks writ petition against the mills for their claims. The total liability of the Brother Sugar Mills is more than Rs5 billion.
The banks subsequently approached the Supreme Court. And a three-judge bench – headed by Justice Maqbool Baqar – on February 12 resumed hearing of a petition seeking a claim against the mills.