Park Lane reference: SECP director's physical remand extended till October 8

An accountability court hearing the multibillion rupees fake bank accounts case on Friday extended physical remand of a director of Securities and Exchange Commission of Pakistan (SECP) till October 8 in the Park Lane reference filed against former president Asif Ali Zardari and others.
The officials of National Accountability Bureau (NAB) produced SECP Director Javed Hussain in the court on expiry of his remand term. The NAB prosecutor requested the Accountability Court Judge Muhammad Bashir to extend physical remand of the accused as investigators have got some useful information during interrogation from the accused.
While objecting to the NAB's request, the defense counsel requested the court to reject the NAB's application. The court after hearing the arguments of both defense and prosecution sides remanded the accused into the NAB custody till October 8.
The prosecutor told the court that the accused by misusing his authority had benefited Asif Ali Zardari. The accused had facilitated the resignation of Zardari from two companies in back dates in 2009.
The prosecutor further argued before the court that the accused was working as registrar ROC Islamabad in 2009 and received the record of Park Lane Company.
It was in the knowledge of the accused that Zardari owned Park Lane Company, he said, adding that the accused had allegedly hidden information from his subordinates.