KARACHI - Sindh High Court on Thursday ordered the reopening of the fraud case against Haji Abdul Razzak Yaqoob, head of the ARY International Money Exchange Group based in Dubai and Hussain Lawai, President of Arif Habib Bank for transferring 10m US dollars abroad. The direction was issued by division bench of SHC comprising Justice Gulzar Ahmed and Irfan Saadat Khan after hearing the arguments from the counsels in petition moved by Muslim Commercial Bank (MCB). The petitioner sought proceedings against cheating and forgery for recovery of $10 million. The case has been in pending in the Banking Court since 1997, long before promulgation of NRO. The petitioner submitted that in 1995 on the verbal direction of Hussain Lawai who was then chief executive of MCB, two loans worth $10m were provided to ARY International Money Exchange Dubai. In 1997 the criminal cases were registered against Haji Razzak and Lawai but the former had won a stay from the apex court, and since then, almost thirteen years, these cases were in pending without proper proceedings. After promulgation of NRO, the ARY group head approached to set-aside the cases against him as, according to him, he was politically victimized, the plaintiff submitted, adding that the Review Board set-aside the cases against him without hearing MCBs comments in this connection. But the alleged defaulter has had no affiliation with any political party nor he was a political activist, so how he could be politically victimised, argued Khalid Anwar while counselling on behalf of the plaintiff. He said that though Supreme Court has abolished NRO, yet the cases against him have not been reopened in the banking court. Moreover both the alleged defaulters were provided opportunity in NRO. The counsel said that ARY head was declared an absconder but he could not appeared before the trail court, however, he visited his home town Karachi several times for his business affairs, while Hussain Lawai is still heading Arif Habib Bank but the law enforcers have not arrested them yet. AG put on notice in KESC, NEPRA case Attorney General Pakistan (AGP) was put on notice for Feb 08 by a division bench of SHC here on Thursday while hearing four constitution petitions filed against KESC and NEPRA regarding power tariff, privatisation of KESC and inflated bills, un-announced load shedding. The bench comprising Chief Justice Sarmad Jalal Osmany and Justice Ahmed Ali M. Sheikh earlier heard counsel for KESC Labour Union, Moulvi Iqbal Haider, Human Rights Commission for South Asia and Law Foundation who maintained that under hand privatisation of the power utility badly affected the electric supply to the residents of Karachi. Besides ever increasing and inflating electricity bills, supply is becoming more and more erratic resulting in sporadic violence during previous summer. The NEPRA also unilaterally and with out any powers has allowed raise in electricity tariff which is over-burdening a common consumer, the counsel submitted. The bench after hearing the counsels for petitioners ordered issuance of pre-admission notice to the Attorney General Pakistan for Feb 08 in view of issues relating to federal government authority.