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FAISALABAD, April 6: An industrialist was arrested on Saturday on charge of default.
A former chairman of the All Pakistan Cotton Powerlooms Association, Farrukh Hameed Bhatti, had obtained Rs6 million loan from a branch of Habib Bank in 1994 and failed to return the same.
The bank approached the banking court who passed decree against Mr Bhatti and issued warrant for his arrest. A raiding team on Saturday arrested and handed him over to area police. —Staff Correspondent
