LAHORE The Khuda Buksh family has clarified a news item that appeared in a section of the press on March 11 regarding their alleged involvement in the largest usury scam. Haji Khuda Buksh and his sons Sheikh Najam Kamran, Sheikh Mohammad Imran and Sheikh Mohammad Usman said, We are here having no plan to flee abroad. The claims about the details of the property owned by our family members are false as the plots 62-K in Model Town and 152-A in GOR-IV are not our properties. Similarly, our family does not own any CNG station in the city, they added. They said the two cases of Rs 70 million and Rs 40 million mentioned in the report are incorrect without giving the names of those parties. They further said the family jointly invested Rs 60 million in five agriculture-based projects in Lahore with friend and neighbour Muhammad Umer Qureshi in 2008. Afterwards, Qureshi refused to pay neither profit nor the principal amount invested, as he gave us cheques worth Rs 26 million, which bounced. We have filed cases including FIRs 224/10, 284/10, 350/10, 507/10 and 474/10 in different police stations against the accused, they added. They said the accused is in Kot Lakhpat Jail for the last three months and court has cancelled his bail application. He transferred a 13-kanal plot to us in lieu of some invested money, but later it transpired that it is located in the bed of the River Ravi and is worthless, they added. Umer Qureshi and his wife Sumera Umer obtained loans worth Rs 30 million from HBL Model Town in the name of two companies using fake documents of properties, and a case is proceeding on this charge. He also owes millions of rupees to several other parties, including one case of illegally occupying a plot 109-B in Model Town. His brother is a retired army officer, Col Muhammad, who is misusing the name of the Pakistan Army for his nefarious activities, they alleged. They said the Federal Board of Revenue (FBR) investigates thousands of tax cases on suspicion and the parties concerned go into appeals against FBRs findings each year. Sometimes, tax officials prove to be correct and in some cases the parties win. Our family is in the business of steel in the City for the last 50 years and is widely respected in the market for its fair and honest dealings, they added.