SC suspends SHC’s Fazaia Housing verdict in favour of affectees

By: News Desk      Published: 02:07 PM, 6 Aug, 2020
SC suspends SHC’s Fazaia Housing verdict in favour of affectees

In a major development, the Supreme Court on Thursday suspended the judgment issued by the Sindh High Court in the Fazaia Housing Scheme Karachi case regarding the payment of dues to the affected people, reported 24NewsHD TV channel.

The orders came after the overseas Pakistanis affected by the venture challenged the Sindh High Court verdict and requested the country’s top court for full payment of the paid amount as well as profit.

They had originally moved the Sindh High Court which decided the matter in their favour on July 3 but directed the Fazaia Housing and others to pay back the original amount only within six months. Moreover, the court had also ordered to release the accused on bail.

However, the affectees were unhappy with the judgment as they had invested their precious savings in the scheme years back for profit. Hence, they opted for moving the Supreme Court and pleaded the case for the payment of interest as well.

During the Thursday’s hearing at the Karachi Registry, the Supreme Court expressed its annoyance over the deceiving the people in Fazaia Housing Scheme.

That’s why Justice Sajjad Ali Shah remarked that the country’s important organisation was being defamed through such a project, as the bench observed that how the Pakistan Air Force could enter into a joint venture with a private entity.

Who had allotted the land for the project, Justice Shah questioned and noted that the issue wasn’t of allotment only as the matter was of defrauding the people. 

Further hearing of the matter was adjourned after the Supreme Court also directed the NAB and other parties to submit their replies.