Author Topic: BOP -- The Bank of Punjab.  (Read 389319 times)

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Offline arauf

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BOP -- The Bank of Punjab.
« Reply #-1 on: September 24, 2009, 10:23:18 AM »
All about the bank of punjab
« Last Edit: January 26, 2012, 11:11:49 AM by M&M »

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BOP -- The Bank of Punjab.
« Reply #-1 on: September 24, 2009, 10:23:18 AM »

Offline arauf

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Re: BOP -- The Bank of Punjab.
« on: September 24, 2009, 10:24:25 AM »
BoP above Rs.15. What is expected in this stock. Anyone please?

Offline arauf

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Re: BOP -- The Bank of Punjab.
« Reply #1 on: September 24, 2009, 02:13:45 PM »
upper lock ;D

Offline arauf

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Re: BOP -- The Bank of Punjab.
« Reply #2 on: October 02, 2009, 07:02:58 PM »
Any news on BOP

Offline Honda 125

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Re: BOP -- The Bank of Punjab.
« Reply #3 on: November 16, 2009, 04:50:15 PM »
Any news on BOP

BoP fraud accused arrested in Malaysia

Updated at: 1513 PST,  Monday, November 16, 2009

LAHORE: Two accused of fraud in Bank of Punjab (BoP) have been arrested in Malaysia with the help of Interpol.

According to sources, National Accountability Bureau (NAB) has arrested owner of Haris Steel Sheikh Afzal – the key accused of Rs nine billion fraud in Bank of Punjab – and his son Haris Afzal in Kuala Lumpur.

The accused had borrowed Rs9 billion from Bank of Punjab in collaboration with the managing director of BoP.

Bank accounts of the two accused were traced in Dubai and Malaysia, NAB sources added.
 

Offline Learner7

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Re: BOP -- The Bank of Punjab.
« Reply #4 on: November 17, 2009, 02:49:49 PM »
BoP fraud accused arrested in Malaysia

Updated at: 1513 PST,  Monday, November 16, 2009

LAHORE: Two accused of fraud in Bank of Punjab (BoP) have been arrested in Malaysia with the help of Interpol.

According to sources, National Accountability Bureau (NAB) has arrested owner of Haris Steel Sheikh Afzal – the key accused of Rs nine billion fraud in Bank of Punjab – and his son Haris Afzal in Kuala Lumpur.

The accused had borrowed Rs9 billion from Bank of Punjab in collaboration with the managing director of BoP.

Bank accounts of the two accused were traced in Dubai and Malaysia, NAB sources added.

Quote from: Learner7
BoP discusses proposals for improvement

LAHORE: A meeting of board of governors of Bank of Punjab was held here on Monday under the chairmanship of Punjab Chief Minister, Muhammad Shahbaz Sharif, who considered various proposals for improving the performance of the bank. Senator Ishaq Dar, Member National Assembly Khawaja Muhammad Asif, Chief Secretary, Secretary Finance, Chairman Bank of Punjab as well as senior officers of the bank were present. President Bank of Punjab, Naeem-ud-Din Khan gave a detailed briefing about the affairs of the bank.

On the basis of above two +ve developments, in my view an entry in BOP will be good.

Offline Learner7

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Re: BOP -- The Bank of Punjab.
« Reply #5 on: November 18, 2009, 10:01:31 AM »
On the basis of above two +ve developments, in my view an entry in BOP will be good.

BOP is going fine. :)

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Re: BOP -- The Bank of Punjab.
« Reply #6 on: November 24, 2009, 04:52:01 PM »
Farzooq Bhai,

Now what you say about BOP
Mistakes are painful when they happen. But year's later collection of mistake is called experience which leads to success.

Offline Admin

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Re: BOP -- The Bank of Punjab.
« Reply #7 on: November 24, 2009, 04:53:59 PM »
Farzooq Bhai,

Now what you say about BOP

have no idea
learner bhai is bop expert

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Re: BOP -- The Bank of Punjab.
« Reply #8 on: November 24, 2009, 04:55:24 PM »

Offline Learner7

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Re: BOP -- The Bank of Punjab.
« Reply #9 on: November 24, 2009, 05:00:13 PM »


One can easily access that when Rs. 8 billion will be returned to BOP,
then where it go, it will go straight to North, may be about 30. :)

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Re: BOP -- The Bank of Punjab.
« Reply #10 on: November 24, 2009, 05:10:33 PM »


One can easily access that when Rs. 8 billion will be returned to BOP,
then where it go, it will go straight to North, may be about 30. :)

but still there is no money returned and secondly do we can expect full return or even half of that.
Mistakes are painful when they happen. But year's later collection of mistake is called experience which leads to success.

Offline Learner7

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Re: BOP -- The Bank of Punjab.
« Reply #11 on: November 24, 2009, 05:26:12 PM »
but still there is no money returned and secondly do we can expect full return or even half of that.

Couple of days i heard the culprit still have about Rs. 4 Billion, so about 4 billion will certainly be coming back to the bank. In this scnario it will certainly trade above 20. :-\

Offline Farzooq

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Re: BOP -- The Bank of Punjab.
« Reply #12 on: November 25, 2009, 09:26:49 AM »
Rs nine billion BoP loan scam: fugitive claims he paid millions to get favourable verdict
QAMAR UZ ZAMAN
ISLAMABAD (November 25 2009): The fugitive of Rs 9 billion Bank of Punjab (BoP) loan scam, Sheikh Afzal, appeared before the apex court on Tuesday and gave a list of names who allegedly took millions of rupees to win a verdict in his favour. According to the list, Dr Babar Awan, Federal Minister, took Rs 35 million; Shairfuddin Pirzada Rs 10 million; Muhammad Qayyum, erstwhile Attorney General Rs 20 million; and Ali Waseem, son of Waseem Sajjad, took Rs 7.5 million for procuring a verdict in his favour, Afzal said.

In addition to these leading lawyers, he claimed that he gave Rs 400 million-500 million to Hamesh Khan, former President of BoP; Rs 30 million to Aziz Ahmed, control risk manager of the bank; Rs 50 million to Haroon Aziz; Rs 10 million to Shoaib Qureshi; Rs 40 million to Saleem Mirza, treasury head of the bank; and Rs 5 million to Fazeel Asghar who helped him escape despite being on the Exit Control List (ECL).

It is to be noted that a few months ago, former Attorney General Latif Khosa was removed from office on similar corruption charges in which he was accused of accepting money to procure a verdict in favour of the accused during the tenure of Justice Abdul Hameed Dogar.

A three-member bench of the apex court comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Mian Shakirullah Jan and Justice Tariq Parvez directed National Accountability Bureau (NAB) not to harass any family member of Sheikh Afzal, but allowed the Bureau to take any legitimate action for recovery of the defaulted money.

Meanwhile, Azam Khan, Director, Law, Federal Investigation Agency (FIA), submitted a report on the steps taken for the extradition of Hamesh Khan from the USA. The report said that documents have been received by the Justice Department, Washington DC but there has been no response so far. Afzal, Chief Executive of Haris Steel Industry, was living in Malaysia along with his family. A few days ago the FIA and NAB managed to bring him back to the country.

The court praised the Federal Investigation Agency (FIA) for bringing the fugitives back while noting that "the FIA success in this regard be used as a precedent in future by NAB and other law enforcing agencies in their drive to bring back those persons into the country who after the commission of offences and plundering money of the nation feel that they would be safe out of the country and the amount looted by them would not be refundable".

Appearing before the court, Sheikh Afzal tendered apology and said that he was misguided by people from appearing before the court. He made a commitment that he was ready to settle legitimate claims of the bank. However, he requested that his family members including his wife (who was in custody of NAB), and sons Haris and Hamza should not be harassed, which was conceded by the court. The court directed Dr Danishwar Malik, NAB Prosecutor General, and Khawaja Haris, counsel for the BoP, to settle the matter with Sheikh Afzal.

The court also directed to place the names of all accused on ECL so that they could not flee the country. Meanwhile, Advocate Waseem Sajjad appeared before the court on behalf of Seth Nisar (brother of Sheikh Afzal) and stated that Nisar was ready to surrender before the court on condition of protection. The court directed the authorities concerned not to arrest him. The court adjourned the matter till December 2.
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Offline Learner7

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Re: BOP -- The Bank of Punjab.
« Reply #13 on: November 25, 2009, 10:31:17 AM »
Upto 31-December 30% - 50% gain cann't be ruled out.

Offline sumbul

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Re: BOP -- The Bank of Punjab.
« Reply #14 on: November 25, 2009, 11:16:35 AM »
NAB, accused in Haris Mills loan case granted time to settle issue       
ISLAMABAD, Nov 24 (APP): The Supreme Court here Tuesday granted time to National Accountability Bureau (NAB) and the main accused in Rs 9 billion Haris Steel Mills loan scam to settle the issue and submit a report by December 2.A three-member bench consisting of Chief Justice Iftikhar Muhammad Chaudhry, Justice Mian Shakirullah Jan and Justice Tariq Parvez issued the direction after it was apprised by the main accused that they wanted to pay back the outstanding amount.

 
The bench directed that matter be amicably resolved without causing any harassment to Sheikh Afzal’s wife Farah and his two sons Ejaz Afzal and Hamaza.

A power of attorney regarding the property of accused should be nominated and it might be transferred to the Bank of Punjab, the court ordered.

The bench also directed that Sheikh Nisar, another co-accused, should not be arrested upon his return to the country.

The bench lauded efforts of the Federal Investigation Agency, Foreign Office and National Accountability Bureau for bringing the accused back to the country.

The Chief Justice remarked that it should be a precedent for the other institutions as those who fled from the country after siphoning off millions of rupees could be brought back.

Sheikh Afzal, the main accused, apprised the bench that he had lent money to different employees of the bank besides giving away millions of rupees to leading lawyers to hush up the matter.

He claimed that 40 per cent amount of the loan was with Sheikh Yaqub, his brother and Rs 9 million with another brother Sheikh Nisar.

He said he was misled by people not to appear before the court but now he had appeared and wanted to surrender the outstanding amount and he might be given the chance to rectify the wrongs.

Azam Khan, director FIA, submitted a report regarding bringing back Sheikh Afzal from Malaysia, which was endorsed by the Bench.

The bench was informed that a report for repatriation of Hameesh Khan, former Bank of Punjab president, had been submitted with US Department of Justice.

Acting Attorney General Shah Khawar, Khawja Haris, counsel for Bank of Punjab, Prosecutor General NAB Dr Danishwar Malik, Wasim Sajjad counsel for Sheikh Nisar, AK Dogar counsel for Sheikh Yaqub and officials of foreign and FIA were also present during the proceedings. Azam Khan of FIA appeared before the bench.

The three main accused in the case include former President Bank of Punjab Hamesh Khan, owner of Haris Steel Mills Sheikh Afzal and his son. The owners of Haris Steel had taken Rs 9 billion loan from the Bank of Punjab against accounts operated on false credentials.

Hamesh Khan has fled to the USA while the other two accused were repatriated recently. 

DESPITE ALL THIS I BELEIVE IT WOULD BE DIFFICULT TO RECOVER THE MONEY SINCE THE ACCUSED HAVE INVESTED IN DUBAI & MALAYSIA PROPERTIES AND WE ALL KNOW THAT IT WILL BE VERY DIFFICULT TO SELL THESE PROPERTIES UNDER CURRENT CIRCUMSTANCES
 






Offline Faisal

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Re: BOP -- The Bank of Punjab.
« Reply #15 on: November 25, 2009, 11:27:44 AM »
Upto 31-December 30% - 50% gain cann't be ruled out.

Sure
An investor without investment objectives is like a traveler without a destination..
··°o.OOº°Faisal°ºOO.o°··

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Re: BOP -- The Bank of Punjab.
« Reply #16 on: November 25, 2009, 01:20:43 PM »
BOP CAP  ;D
how much more epxected from BOP any idea.
Mistakes are painful when they happen. But year's later collection of mistake is called experience which leads to success.

Offline Learner7

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Re: BOP -- The Bank of Punjab.
« Reply #17 on: November 25, 2009, 01:22:35 PM »
Upto 31-December 30% - 50% gain cann't be ruled out.


CaPPPPPPPPPPPPPPP  ;D :D  :)

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Re: BOP -- The Bank of Punjab.
« Reply #18 on: November 25, 2009, 01:28:28 PM »
Upto 31-December 30% - 50% gain cann't be ruled out.


CaPPPPPPPPPPPPPPP  ;D :D  :)

congrats