EOBI multi-billion scam: SC seeks suggestions regarding properties.

ISLAMABAD -- The Supreme Court on Wednesday directed the Employees Old-age Benefit Institution (EOBI) to submit written suggestions regarding the properties.

A three-member SC bench comprising Chief Justice of Pakistan Umar Ata Bandial, Justice Sajjad Ali Shah and Justice Muhammad Ali Mazhar heard the suo moto notice case.

Former SC chief justice Iftikhar Muhammad Chaudhry had taken the suo moto notice of the multi-billion scam in which the then EOBI chairman Zafar Iqbal Gondal and other officials were accused of investing huge sums in housing schemes and purchasing vehicles in various cities without the approval of the institution's board of directors.

During the course of proceedings, EOBI's counsel Khawaja Haris said the Institution wanted to retain 12 of the 18 properties purchased illegally and wanted to return the rest to their owners buyers.

The court sought written suggestions from the EOBI regarding the properties and also directed the properties sellers to submit their replies on the EOBI's suggestions.

Advocate Makhdoom Ali Khan said the case had been pending for the last 10 years. The court had taken suo motu notice of the matter under Article...

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