What Schon Group is doing in Dubai, how much money they made after closing three units in pakistan

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1. Guest2582
   

   Rs1.5b of government money recovered
   
   ISLAMABAD - The Chairman of the Ehtesab(accountability) Cell, Senator Saif-ur-Rehman, yesterday announced that it had managed to recover Rs1.5 billion from the Karachi-based business company, the Schon Group.
   
   Addressing a news conference, Mr Rehman gave details of how the Ehtesab Cell managed to put pressure on the Schon Group management, which had allegedly embezzled several billion rupees of state money, and how a substantial amount was recovered from it. He said as a result of the government moves, and with the help of
   Interpol, the chairman of the Schon Group, Nasir Hussain, was compelled to contact the government on realizing that his fraud and financial irregularities had been detected. He described Mr Nasir Hussain of Schon as a business partner of Asif Ali Zardari and Benazir Bhutto and Mr Hussain had now deposited Rs1.5 billion in shape of cash, shares, aircraft, cars and immovable property. Mr Rehman said that following the agreement for repayment, he would not be arrested now on his return home but he would have to clear the outstanding liabilities of around Rs500 million.
   Replying to a question, he clarified that no assurance had been given to Mr Nasir Hussain about the withdrawal of court cases or criminal proceedings against him.
   Mr Rehman said the basic objective of the government was to take the corrupt to task or recover the ill-gotten money for the revival of economic activity in the country. He said that a policy had been evolved that whosoever would realize his misdeeds and be ready to repay the looted money he would be given a chance on
   the same pattern.
   
   Mr Rehman said that the process of cleansing would not only be limited to the previous government. Even those belonging to the Pakistan Muslim League and allied parties would be subjected to accountability and references. If anything was found against them, it would be sent to the Accountability Commission.
   About the property deposited by the Schon Group, he said it would be disposed off within six weeks and it would be auctioned to ensure transparency of sale proceedings.
   
   He said, on the specific instructions of the prime minister, every care was taken to ensure that there was no political victimization.
   
   He disclosed that a scheme was under consideration for live telecast of proceedings of cases of national importance so that people themselves could judge the fairness.

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