Habib Bank Limited Pakistan Misrepresents Agricultural Loan Case in Collusion with Dhani Bux Jatoi and Burzin Pajnigara, Alleges Khalid Memon

Habib Bank Limited, a reputable bank of Pakistan has misrepresented a loan case of Rs. 1.1 million obtained from their Sujawal, District Thatta branch, Sindh. The Story was published on Front Page of Daily Juraat Newspaper.

News published in Daily Juraat of 19 December 2008, in which it has been alleged that Habib Bank Limited, Sujawal / Thatta and Hyderabad branches have colluded with members of a now defunct political group which includes Liaquat Jatoi's nephew Dhani Bux Jatoi and have forged loan papers by switching signatures of guarantors and falsified and misrepresented their case and have hoodwinked everyone for 8 years by taking this matter to the Banking Court in the year 2000.

Habib Bank Limited staff has falsely implicated Mr. Khalid Ahmed Memon and have shown him as a Guarantor in an Agriculture Loan and have shown Jatois as landowners. Whereas the fact is that Mr. Khalid Memon is the actual legal owner / shareholder in this land and has never been a Guarantor. They even went to the extent of setting up a date (1st December 2008) for the auction of Khalid Memon's share of the land.

It is indeed a wonder as to why a reputable bank such as Habib Bank Limited would allow its staff to stoop to such a level where documents are forged, falsified and misrepresented in the Banking Court. This heinous crime comes under the Section 463 of the Pakistan Penal Code carries a minimum sentence of 7 years imprisonment if found guilty.

Now Khalid Memon plans to file several cases both civil and criminal against Habib Bank Limited for defamation and damages to the tune of Rs. 500 million.

Habib Bank Lawyers and staff can end this case within hours instead of wasting their client money and the court's time. All they need to do is ask for a date from the Honourable Judge of the Banking Court II, Hyderabad, when they could present the Original Loan Agreement documents in the Court, giving 3-4 day's time to Mr. Khalid Memon, deponent, to arrange to call in Forensic Science experts of Document and Handwriting Forgeries. Habib Bank Limited Lawyers can naturally call in their own forensic experts. This will either way prove beyond any doubt as to who is speaking the truth, the Bank or Khalid Memon.