loans default case
LAHORE: A banking court on Saturday issued arrest warrants for Nawaz Sharif’s cousins in cases related to defaulting on bank loans worth Rs700 million. The court ordered authorities to produce the accused including Shahid Shafi, Tariq Shafi, Javed Shafi, Ali Pervaiz and Ibrahim Tariq at the next hearing on November 27. The arrest warrants were issued by the court over their continuous absence in the hearings. Earlier on November 6, the banking court had summoned cousins of former prime minister Nawaz Sharif for indicting them; however, they did not show up. On September 24, a banking court had issued non-bailable arrest warrants for the accused for not complying with the orders in cases against them for allegedly defaulting on bank loans. Tariq Shafi, Javed Shafi and others had been nominated in the petition filed by the banks. It stated that the loans have not been cleared by the accused persons for many years. It sought orders for initiating legal action against the nominated person. TLTP
