REFUSING TO RETURN THE DEPOSITS OF NDFC ACCOUNT HOLDERS IS NAKED OPPRESSION – ALTAF HUSSAIN

 

London – 6 September 2001

Mr Altaf Hussain, Founder and Leader of Muttahida Quami Movement (MQM), has stated that refusing to return the deposits of the National Development Finance Corporation (NDFC) account holders is tantamount to naked oppression and robbery.  He stated that if the security deposits of the account holders were not immediately returned then the MQM would call for a countrywide general strike to protest against this Government oppression.  He said that thousands of account holders have deposited their lifesavings in the NDFC but the Government, with a single stroke of pen, has merged the NDFC into a new institution, with no consideration for returning the deposit money to the account holders.  Instead the account holders, who deposited their lifesavings, are being degraded and tormented when they demand for the return of their deposit.  He said that the Government itself is involved in plundering the security deposits of the public and calling it legitimate then it should release all the dacoits and robbers from the prisons of the country.  How could the Government justifiably keep them incarcerated when the Government itself is doing the same, he asked

Mr Hussain asked what kind of justice is it that the feudal lords and jaagirdars involved in looting and plundering billions of rupees from the national exchequer have been pardoned but the poor people are being denied the refund of their own deposited funds.  Mr Hussain demanded of the establishment to end the government lavishness, auction the properties of those who have looted and plundered the national wealth and use these funds to fully compensate the NDFC account holders.  He reiterated that every single penny of the NDFC account holders must be returned; otherwise the MQM would call for a countrywide general strike.

Mr Hussain also appealed to the political and religious parties, who claim to be the sympathisers of the public, to call for a general strike on this one-point; and the MQM will support their strike call.  Mr Hussain said that on one hand the Government appeals to the overseas Pakistanis to send foreign exchange into the country and deposit their wealth in government banks, whereas on the other hand the Government is refusing to refund the deposits of the account holders, which is tantamount to coercion.

Mr Altaf Hussain appealed to the overseas Pakistanis that in such state of affairs they should refrain from investing in Pakistani banks.  Addressing the NDFC account holders, Mr Hussain said that the MQM fully sympathise with them and would raise its voice on every available platform.