Bashir pulls off the 'Rahwali Sugar Mill Scam' enticing a couple of uncle's friends to invest (as partners) over 1 crore rupees by creating a fake scene of buying the above, allegedly in collusion with government officials.
- He apparently acted as Bashir & Co. in tendering for this property.
Here's a link:
NAB/ Punjab Co-operative Bank and Rahwali Sugar Mill:
http://www.nab.gov.pk/case_data/hearing.asp?cid=1437942586&offset=-1
- Case conducted by NAB in ref. to Rahwali Sugar Mills...It is possible that at least one of the following was hand in fist with Bashir:
- Sh. Mansoor
- Ramzan Dogar
- Syed Fakhar Ali Shah
- Arshad Saeed Sheikh
- Tariq Sukhera
- Nomi Butt & Bro are apparently the current legal owners of Rahwali Sugar Mill)
- Here are some excerpts from some background reading that I done on the Mill:
" Nawaz Sharif's privatization.
As Chief Minister Punjab, Nawaz Sharif presided over the liquidation/ privatization of several units of Punjab Industrial and Development Board (PIDC) like Pasrur Sugar Mills, Samundri Sugar, Rahwali Sugar, Paras Textile, Harapa Textile and Ghazi Textile. How and on what prices these units were sold is still a secret but according to Company Review in the daily DAWN in May 1991, Pasrur Sugar Mills was sold to United Sugar Mills of United group for a " token price of Rs one only".
Samundri Sugar Mills was sold to Monoos and Rahwali Sugar to a Muslim League politician Sheikh Mansoor, following single line advertisement in newspapers under the caption, " Bids invited for Rahwali Sugar Mills". The recklessness and favoritism shown in privatization of the PIDB units by Chief Minister Nawaz Sharif was to become the hallmark of his privatization as Prime Minister.
In these times of globalisation, all the world becomes Plaza Land. A letter-writer in The News informs us that Pakistan’s oldest sugar mill, Rahwali Sugar Mills in Gujranwala, has been closed down, and its land is to be developed into a plaza site. He pleads to the authorities, "to save this important part of sugar history in Pakistan", and to convert it into a National Sugar Museum or a Sugar Technology Training Centre. Thanks for the idea. I can think of a National Jute Museum and a Jute Technology Training Centre in Bangladesh. A National Carpets and Pashmina Museum and a Carpets and Pashmina Technology Training Centre in Nepal, a National Calico Museum and Calico Technology Training Centre in Bombay. The possibilities are endless. But I get carried away…
On June 6,(2005) Dr Asghar Ali, former chief executive of Rahwali Sugar Mills, was sentenced to four years in prison and was fined Rs 46.49 million. The court disqualified Ali from holding public office and obtaining loans for 10 years."
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