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The House Building Finance Corporation Limited taking strong exception to a news item published in Business Recorder of November 29, 2010 under the heading "Rs 11.952bn irregularities detected in HBFC accounts," has issued following clarification:
7) HBFCL is dismayed that such a news story filed and printed without seeking HBFCL's viewpoint, a procedure which any responsible journalist would have followed.
8) HBFCL is also surprised that the news item is allegedly based on a highly confidential government document that has not yet been published or made public.
9) The news item misrepresents the facts and uses inappropriate financial terminology. The word …