AGL 38.55 Decreased By ▼ -0.01 (-0.03%)
AIRLINK 200.83 Decreased By ▼ -6.94 (-3.34%)
BOP 10.19 Increased By ▲ 0.13 (1.29%)
CNERGY 6.57 Decreased By ▼ -0.51 (-7.2%)
DCL 9.68 Decreased By ▼ -0.31 (-3.1%)
DFML 39.90 Decreased By ▼ -1.24 (-3.01%)
DGKC 97.67 Decreased By ▼ -5.79 (-5.6%)
FCCL 35.10 Decreased By ▼ -1.25 (-3.44%)
FFBL 86.00 Decreased By ▼ -5.59 (-6.1%)
FFL 13.95 Decreased By ▼ -0.65 (-4.45%)
HUBC 130.45 Decreased By ▼ -8.98 (-6.44%)
HUMNL 14.00 Decreased By ▼ -0.10 (-0.71%)
KEL 5.64 Decreased By ▼ -0.33 (-5.53%)
KOSM 7.30 Decreased By ▼ -0.56 (-7.12%)
MLCF 45.60 Decreased By ▼ -1.68 (-3.55%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 221.50 Decreased By ▼ -1.16 (-0.52%)
PAEL 38.45 Increased By ▲ 0.34 (0.89%)
PIBTL 8.96 Decreased By ▼ -0.31 (-3.34%)
PPL 196.85 Decreased By ▼ -9.00 (-4.37%)
PRL 38.85 Decreased By ▼ -1.00 (-2.51%)
PTC 25.60 Decreased By ▼ -1.02 (-3.83%)
SEARL 104.50 Decreased By ▼ -5.74 (-5.21%)
TELE 9.06 Decreased By ▼ -0.17 (-1.84%)
TOMCL 36.41 Decreased By ▼ -1.80 (-4.71%)
TPLP 13.64 Decreased By ▼ -0.13 (-0.94%)
TREET 25.20 Decreased By ▼ -1.25 (-4.73%)
TRG 58.10 Decreased By ▼ -2.44 (-4.03%)
UNITY 33.55 Decreased By ▼ -0.59 (-1.73%)
WTL 1.73 Decreased By ▼ -0.15 (-7.98%)
BR100 11,896 Decreased By -402.5 (-3.27%)
BR30 37,383 Decreased By -1494.9 (-3.85%)
KSE100 111,070 Decreased By -3790.4 (-3.3%)
KSE30 34,909 Decreased By -1287 (-3.56%)

ISLAMABAD: The Islamabad High Court (IHC), Tuesday, directed the National Accountability Court (NAB) to prepare the details of facts in Al-Azizia reference. A division bench comprising Justice Aamer Farooq and Justice Mohsin Akhtar Kayani heard the NAB's appeal seeking increase in former prime minister Nawaz Sharif's sentence in the Al-Azizia Steel Mills case.

During the hearing, NAB Special Prosecutor General Barrister Usman Cheema requested the court to extend the seven-year imprisonment of Nawaz Sharif in Al-Azizia reference, as the Pakistan Muslim League-Nawaz (PML-N) leader has been proven guilty by the NAB. To support his argument, he mentioned that under the Article 9(a)(v) of the NAB ordinance, the duration of sentence is 14-year long.

The IHC bench asked the NAB prosecutor that whether the court should hear the NAB's appeal in absence of Nawaz Sharif. In response to it, Barrister Cheema replied that the appeal should be heard if Sharif is not present.

Later, the bench deferred the hearing in this matter till November 3rd after issuing aforementioned directions. In Al-Azizia reference, an accountability court had handed ousted prime minister Nawaz Sharif seven years in jail in the Al-Azizia Steel Mills corruption reference in December 2018.

The court also fined Nawaz Rs1.5 billion and US $25 million in the Al-Azizia reference. A disqualification of 10 years from holding any public office is part of the sentences awarded to the former premier. The disqualification will go into effect following his release from jail after serving the seven-year sentence.

However, the NAB had challenged the verdict in Al-Azizia reference and pleaded the IHC to extend the imprisonment sentence of Nawaz Sharif in Al-Azizia Steel Mills case.

In its appeal against the Al-Azizia verdict, the anti-corruption body argued that a seven-year jail sentence for Sharif in the case was too little and should be increased. The appeal stated that the punishment for corruption under Section 9(a)(v) of the National Accountability Ordinance is 14 years in jail.

The reference pertains to the Sharifs being unable to justify the source of the funds provided to set up Al-Azizia Steel Mills and Hill Metal Establishment (HME) in Saudi Arabia, making this a case of owning assets beyond means.

Copyright Business Recorder, 2021

Comments

Comments are closed.