LAHORE - Chief Justice Lahore High Court Khawaja Muhammad Sharif while proceeding with a suo moto notice against Zarco Exchange Company for defrauding public at large directed the FIA and Zarco counsel to settle schedule for payment to the affectees with in one week, otherwise, court will give its own decision on the matter. A division bench comprising the Chief Justice and Justice Ijaz Ahmad Chaudhry also observed that FIA and State Bank of Pakistan did not take action against the Zarco that was allegedly transferring the money abroad illegally for last three years. He informed the court that Zarco was shifting the money abroad illegally through its branch at UK. He said Zarco had transmitted abroad rupees 67 billion and added 35 persons and 59 agents are affectees of Zarco. He said that the trial court has extended the remand of Zarco Chief Executive and more people will come on front. He also contended that the Zarco scam was unearthed when they registered an FIR during last February. The counsel of Zarco, Syed Ali Zafar, requested the court to direct FIA to return their computer server and unseal their office then they would pay the outstanding amount within three months. DG FIA, however, contended that the Zarco computer helped them in finding irregularities and hence they could not return their computers back to them. The bench also dismissed an application of a director of Zarco Zameer Haider and directed the FIA to register a criminal case against him for tricking the court through false power of attorney. The FIA official told the court that the applicant Zameer was abroad but he applied for possession of computer server showing him in Pakistan. The bench taking notice of the matter, directed the FIA to register a criminal case and observed how the court could ignore a fake application submitted before it. DG FIA requested the court to constitute a commission headed by LHC judge along with the representatives of State Bank, Security and Exchange Commission of Pakistan and FIA. The bench directed both parties to com up with a feasible strategy for returning defrauded amount to the real affectees. The Chief Justice had taken suo moto notice on various applications filed by the affectees of Zarco Exchange Company who had sent money abroad through Zarco but the payment could not be made so far. The other applicants who were defrauded by Zarco included Umar Usman who lost Rs. 530,000, Awais Ali (Rs.300,000), Usman Arshad (Rs.42,00,000), Dr. Karam Elahi Durrani (Rs.478,664), Khawaja Muhammad Iqbal (Rs.700,000), Ch. Umar Hayat (Rs.96,340), Zubair Ijaz (Rs.13,62,395), Muhammad Shakeel (Rs.6,76,000), Dr. Asif Masood Rana (Rs.702,525), Imran Ali (Rs.578,920), Muhammad Jamil Raza (Rs.11,70,000), and Naeem Ashraf (Rs.169,977).