SC to hear plea for looted money today
A three-member bench of the Supreme Court headed by Chief Justice Iftikhar Mohammad Chaudhry will take up on Monday a petition about recovery of plundered money stashed away in foreign banks allegedly by politicians, retired bureaucrats, members of the armed forces, judges and businessmen.
The petition was filed by PML-Q Senator Mohammad Ali Durrani last month.
Through the petition, the senator has requested the Supreme Court to order constitution of a “Commission of Truth†and devise a strategy for recovery of billions of rupees stashed in foreign banks.
The petition suggests that the proposed commission should comprise retired superior court judges and retired members of civil service whose integrity is beyond any doubt.
The commission, the petition states, will help design a system of transparency, accountability and necessary legal infrastructure for seeking recovery of the money plundered from Pakistan and deposited in banks abroad.
The petition, filed with the apex court through his counsel Justice (r) Mian Allah Nawaz of Senator Ali Durrani, prayed to the court to direct the United Nations Secretary General, Government of Pakistan, Swiss Bankers Association, and governments of western states to recover the looted national wealth under legislation made by the United Nations under the Stolen Assets Recovery (StAR) Initiative under which the US and other governments had also recovered stolen wealth in the past few years.
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