PKonweb Report
An accountability court has sent Suhail Zia Butt, former member of the National Assembly from Muslim League (Nawaz), to jail for three years on bank loan default case.
The officials of National Accountability Bureau (NAB) presented Suhail Zia Butt before the court today. NAB officials informed the court that Butt was convicted for three years in the year 2000 for defaulting on a Rs 80 million loan from the Cooperative Bank. Butt failed to appear before the court. He also did not appeal against the sentencing then, officials told the court.
The accountability court ordered implementation of the sentence.
Suhail Butt, told the court that he didn’t appear before the court then because he was not issued any notice to appear.
According to unconfirmed reports, Sohail Zia Butt is the second cousin of former Prime Minister Nawaz Sharif and first cousin of Nawaz Sharif’s wife Kalsoom Nawaz. He remains a very close aide of Nawaz Sharif – the PML-N Quaid. Butt is also a brother-in-law of Nawaz and Shahbaz Sharif.
One website claims Butt’s family is originally from Kashmir who settled in Lahore. In the early twentieth century, the Butt family gained fame as wrestlers. The website claims Butt in the 90s was called the “King of Heera Mandi” and was also involved in financing the Kashmir movement.
Sohail Butt’s son, Umar Suhail Butt, is presently MNA from Lahore.
Relatives of the accused told reporters that the case has “no basis and the PPP is trying to politically victimize us”.
National Accountability Bureau (NAB) arrested Sohail on Sep 1 over charges of defaulting on a Rs80 million loan from National Industrial and Credit Finance Corporation.
Reference was sent to NAB in 2001 after Sohail Zia failed to return the loan. He was declared a proclaimed offender in absentia by an accountability court in 2001. He returned to Pakistan in 2008 before the elections after spending more than seven years abroad and no action had been taken against him for almost two years.
PML-N’s provincial minister Rana Sanaullah said: “The NAB officials did not take us into confidence before arresting Sohail Zia. I will contact the central government once the facts come to light.” NAB should not have acted like kidnappers, he added. “I am trying to contact NAB officials. “NAB should have informed the local police station before the arrest,” he added.
Butt is also accused of embezzling nearly Rs. 70 million in the Cooperative Scandal which surfaced in 1985.
The Express Tribune reported that Butt, the brother-in-law of PML-N chief Nawaz Sharif, is not only a proclaimed offender in a case of financial embezzlement involving Rs230 million, but has also been found to be a defaulter of Rs10.28 million of the Punjab Cooperative Board of Liquidation (PCBL). This information emerged during investigation by the newspaper.