AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

The Supreme Court Monday rejected the National Accountability Bureau's appeal against Sindh High Court decision to suspend its warrants of arrest for Pakistan Peoples Party (PPP) leader Sharjeel Memon.

The SHC last week had granted pre-arrest bail to PPP leader and former Sindh minister Sharjeel Memon and ordered the NAB not to arrest him during inquiry being conducted against him.

Sharjeel Memon filed pre-arrest bail petition in the SHC, fearing his arrest after opening of new inquiries against him by the NAB. Memon, in his petition, stated that two references are already under proceedings against him and it came into his knowledge that the anti-corruption watchdog is now holding a secret inquiry.

A two-judge bench comprising Justice Ijazul Ahsan and Justice Ameen-ud-Din heard the NAB appeal. It observed that the SHC decision in which it made observations against the Bureau won't have any bearing on the trial proceedings against Memon.

"The SHC's decision suspending the arrest warrants won't be used as a legal reference," the court ruled.

An accountability court on December 21 had issued a show cause notice to the investigation officer of the assets reference against Memon over failure to submit report about the proclaimed offenders of the case.

Memon's wife Sadaf Sharjeel and mother Zeenat Inaam Memon have been among the co-accused in the assets beyond means reference filed by the NAB. Both of them filed petitions for exemption from appearing in hearing of the case.

In the earlier hearing, the court had summoned Memon's wife and other co-accused on December 21. Former provincial minister was also absent from the accountability hearing.

The corruption reference stated that the investigators have found solid evidence of financial irregularities against Memon, his wife and other accused. The reference also stated presence of record, which confirms charges of making assets beyond known sources of income by the accused. The accused persons are facing over Rs 2.27 billion corruption charges.

Another reference against Memon is also under proceeding over his alleged involvement in corruption worth Rs 5.75 billion. Memon is accused of awarding government advertisements at exorbitant rates when he was Sindh's information minister. He was arrested by the National Accountability Bureau in 2017 and remained in jail for 20 months. He is currently out of jail after the court granted him bail.

Copyright Business Recorder, 2019

Comments

Comments are closed.