The Appellate Division Bench of the Lahore High Court (LHC) on Monday directed the NAB authorities to ensure filing of Emirates Bank fraud reference till February 12 as the court has already given sufficient time.
The court also directed NAB Counsel Ali Tipu Khan to ensure the compliance of the court order.
The applicant submitted that he was implicated in the case, and the prosecution has failed to prove his role in the fraud.
He submitted that he was in the custody of NAB from July 17, 2001 while other co-accused of the reference were already granted bails.
He requested the court to grant him bail till the disposal of case and quash the case against him as the prosecution failed to produce any solid evidence against him, and reference has not been filed against him so far, while proceedings of the case transferred from the banking court to the accountability court was also still pending.
It is pertinent to mention that embezzlements involving two sums of amount, Rs 206 million and Rs 60 million, which had been withdrawn from the Emirates Bank by the culprits after furnishing fake bank guarantees from ABN Amro and ABL in January and March, 2001.
Two FIRs were lodged with Civil Lines, Police Station, Lahore, and a number of persons were named to have played a role to enable a complete defalcation. The fraud was detected by an outside bank, Askari Commercial Bank.
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