KARACHI: The Commercial Banking Circle Karachi of FIA has raided here in Karachi on Tuesday and arrested a business tycoon Hamayon Barkat of Fateh Group of Companies while Seth Asad managed to escape to avoid his detention.
Document available with Indus Gazette shows that The CBC of Federal Investigation Agency Karachi has registered an enquiry against the Fateh group family on the written complaint filed by Muslim Commercial Bank Ltd on the allegations of willful default fraud over 440 million.
According to the document upon receiving the complaint from bank an enquiry number 78/2019 was registered in Commercial Banking Circle Karachi where the Inspector Shaikh Shehroz was tasked to investigate it further.
A week ago the EO has served an call notice to Hamayon Barkat for joining the enquiry in which he directed the Hamayon Barkat to appear before Enquiry Officer on 10th of current month, but according to the reliable source in FIA the alleged suspect had not bother to do so.
Enquiry Officer wrote in call notice “Whereas Enquiry No.78/2019 of FIA CBC Karachi, which was registered on receipt of a written complaint lodged by MCB regarding willful Default of MCB Bank’s Finances, Loans amounting to Rs.44,820,550. The said facility was availed for purchase of equipment such as 02 Units of Waukesha (Gas Engine Generator) Model VHP5904LTD and therefore, you are well acquainted with the facts of the matter. Therefore, you are finally requested to attend this office along with your original CNICS, relevant record pertaining to the matter and to justify your position as well as answer such questions as may be put to you and to record your statement in the matter. in case of failure necessary legal action shall be taken against you U/S 174 PPC in the competent court of law”.
According to the well placed sources, a proper case has been registered under sections of Willful Default of financial institutions (recovery of finances) (amendment) act, 2016 after the arrest of Hamayon Barkat by the team of CBC FIA headed by SI Zeeshan Shaikh while the efforts were under going to apprehend others.
It is to mention that Fateh Grroup of Companies has been the leading and prominent group particularly in Hyderabad engaged in Textile, Motors, Food, Energy, Shipping, Constructions etc.