Sugar Mill Scam?

Dawn newspaper published a very concerning report where Senators were reportedly hurling accusations of corruption in regards to the sale of two Sugar Mills, in the midst of the controversy was Jamal Leghari, son of former president Farooq Ahmed Khan Leghari who was also defending Dewan Yousuf. Mr. Leghari brought to the attention of the Senate whereby Larkana Sugar Mills was given a hefty loan of Rs350 million without collateral & the sale of Dadu Sugar Mills for a paltry Rs90 million to a ‘front man’ while the previous government had rejected a bid Rs420 million bid for the mills

DAWN: Senate stunned by exposé of sugar mills scam
By Ahmed Hassan
ISLAMABAD: The Senate on Thursday was stunned by the revelations made by two PML-Q lawmakers about what they termed as the biggest ever sugar mills scam taking place in Sindh province. Interestingly, no one from the treasury side came out to defend or reject the allegations made by the opposition senators.
Jamal Leghari, the son of former president Farooq Ahmed Khan Leghari in a very harsh voice demanded of the concerned authorities to tell as to who had summoned renowned industrialist Dewan Yousuf recently and ordered him to surrender three of his sugar mills. Leghari left the background or what Dewan Yousuf replied to the demand for a guessing by the lawmakers.
He also demanded that ‘This house wants to know as to how Larkana Sugar Mills was released a hefty loan amounting to Rs.350 million without signing collateral documents. He also questioned the sell out of Dadu sugar mills for paltry Rs.90 million to a ‘front man’ which the previous government had rejected a bid amounting to Rs.420 million for the same mills.
Leghari also claimed that the privatization of Qadirpur Gas Fields was first initiated by the Benazir Bhutto government during its stint in power 1993-1996 but the then president (his father) had intervened and blocked the deal before being made.
Now again when the same party is in power although its chairperson is no more at the helm has once again sprung up to sell of this field for the reasons best known to them’ he quipped, adding it was good that the prime minister had reversed the decision at least for the time being. He said if the government was true to its statements about energy security issue then it should also know that Qadirpur was a very valuable national energy asset which needs to be protected from handing over to a private party. Earlier, Bibi Yasmeen Shah of the same party had also agitated the sell off of Dadu sugar mills at throwaway price while she also revealed the release of the loan worth Rs.350 million to Larkana Sugar Mills within two hours on a single letter from some high authority.
Leghari revealed that the said loan was released without any resistance by the National Bank of Pakistan Awari Tower branch when the concerned bank officer Bhindari was told in plain words that ‘collateral papers’ were lying in Zardari House which may be reached if any one dare to.
He said a junior bank officer Bhindari when telephoned to one Anwar Majeed to ask for first signing of the collateral documents he was told that the papers were in Zardari house which can be perused any time. After this hidden threat, he asserted the loan was released without resistance.

Im quite sure there is much to be explored and reported in-between the lines and it would be interesting to read the other side. Anyone care to shed light on this brewing controversy