Imran Khan’s allegation are baseless: Mustafa Ramday

Lahore: Lawyer of Muhammad Shahbaz Sharif, Mustafa Ramday has said that the allegations leveled by Imran Khan in his tweet against his client Muhammad Shahbaz Sharif are concocted and based on malafide intension.

In a statement, Mustafa Ramday said that Muhammad Shahbaz Sharif never remained defaulter throughout his life. He said that in 2002, Lahore High Court and in 2009, Supreme Court had rejected such allegations against Shahbaz Sharif. He said that the value of the assets of Ittefaq Foundries is far more than the claims of the banks.

He said that the process of sale of assets had started in July 1998 after joint application by Ittefaq Foundries and banks and due to orders of the court, this process was completed in 2014. Mustafa Ramday said that after completion of court proceedings, the outstanding amount along with 17 years’ markup was also paid through Ittefaq Foundries.

He said that Ittefaq Foundries instead of challenging claims of banks, wrote a new history by presenting all its assets for payment of loans.