A banking court on Monday turned down the bail application of Hussain Lawai, former Chairman Pakistan Stock Exchange (PSE) and an accused in a billion rupees money-laundering case. The court, which reserved its order on the bail plea of suspects Hussain Lawai and Taha Raza announced its verdict on Monday by rejecting the bail application on the ground that it can't be granted due to interrogation, which is still underway.
Both suspects are on the judicial remand in a money laundering scam after Federal Investigation Agency arrested them on transfer of billions of rupees from fake banks accounts to different individuals and companies. Lawai's lawyer Shaukat Hayat sought the bail for his client on the ground that investigation agency had no solid proof against Lawai & co-accused and even contested whatsapp messages presented by investigation agency as evidence, which he believed have no legal ground to keep him in custody. The counsel also argued against the detention of accused and said that not a single penny has been transferred into Lawai's account, so how can he be accused in money-laundering case.
FIA's counsel pleaded the court to reject the bail plea of accused as the agency is still interrogating them in connection with the money laundering case. Meanwhile, the banking court also rejected the application of Ghani Majeed, an accused in the money-laundering case against alleged torture of FIA on him. The application was moved by his counsel of Farooq H Naek in the trial court.
Naek submitted an application on behalf of Ghani Majeed that he was not allowed to sleep the whole night in custody by FIA officials who were forcing him to give a confessional statement.
The FIA submitted its reply in the court on Monday and rejected the contention of accused that the agency is subjected him to torture. FIA also submitted in the court that accused is being given appropriate time for sleep. Banking court rejected the application of accused and directed FIA to refrain from mental torture of the accused in the money laundering case.
The FIA also moved an application in the banking court for judicial remand of Anwar Majeed, accused in money laundering case at the hospitals, where he has been shifted due to his ailment. The FIA told the court that Anwar Majeed has been shifted to hospital so he should be considered on judicial remand while staying at the hospital. The court ruled that application of FIA is being made part of the record and would review it when the physical remand would be completed on August 25, 2018.
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