AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

ISLAMABAD: Former president Asif Ali Zardari on Monday filed an application before the Islamabad High Court (IHC) seeking exemption from court appearance in his pre-arrest bail plea, in a matter pertaining to laundering of billions of rupees through fake bank accounts.

A division bench of the IHC comprising Justice Aamer Farooq and Justice Mohsin Akhtar Kayani would hear the petition moved by the leader of Pakistan Peoples Party (PPP). Zardari's counsel Farooq H Naek submitted the application seeking exemption from his personal appearance before the court in the case.

The counsel also submitted Zardari's medical reports along with the application. The application stated that the former president was discharged from the hospital last month, and admitted again on November 22 after his health deteriorated.

This case is related to a suspicious transaction of Rs8.3 billion from Bahria Town through joint accounts of Zain Malik, son-in-law of property tycoon Malik Riaz, into fake accounts.

In its reply in this matter, the NAB stated the former premier was required for investigation. The anti-corruption watchdog opposed bail to the former president.

In its reply to the high court, the NAB stated the reasons for its opposition to bail to Zardari, saying the NAB was taking action against Zardari within legal boundaries and investigation was under way against the former president in accordance with the NAB Ordinance.

It added that all the proceedings were taken in accordance with law, and there was absolutely no violation of fundamental rights of the petitioner, he had been given complete opportunity vide call up notice to clarify allegations levelled against him.

The bureau stated that there was no statutory provision provided in the law, whereby, the NAB was bound to inform or notice before arrest hence, this petition was liable to be dismissed. Therefore, the bureau prayed before the court that Zardari's petition seeking bail might be dismissed in the interest of justice.

Copyright Business Recorder, 2020

Comments

Comments are closed.