AGL 38.41 Decreased By ▼ -0.07 (-0.18%)
AIRLINK 199.00 Decreased By ▼ -4.02 (-1.98%)
BOP 10.00 Decreased By ▼ -0.17 (-1.67%)
CNERGY 6.41 Decreased By ▼ -0.13 (-1.99%)
DCL 9.37 Decreased By ▼ -0.21 (-2.19%)
DFML 39.45 Decreased By ▼ -0.57 (-1.42%)
DGKC 98.80 Increased By ▲ 0.72 (0.73%)
FCCL 35.54 Increased By ▲ 0.58 (1.66%)
FFBL 86.97 Increased By ▲ 0.54 (0.62%)
FFL 13.65 Decreased By ▼ -0.25 (-1.8%)
HUBC 129.75 Decreased By ▼ -1.82 (-1.38%)
HUMNL 13.99 Decreased By ▼ -0.03 (-0.21%)
KEL 5.29 Decreased By ▼ -0.32 (-5.7%)
KOSM 7.41 Increased By ▲ 0.14 (1.93%)
MLCF 45.33 Decreased By ▼ -0.26 (-0.57%)
NBP 61.50 Decreased By ▼ -4.88 (-7.35%)
OGDC 215.50 Decreased By ▼ -5.26 (-2.38%)
PAEL 39.35 Increased By ▲ 0.87 (2.26%)
PIBTL 8.58 Decreased By ▼ -0.33 (-3.7%)
PPL 192.45 Decreased By ▼ -5.43 (-2.74%)
PRL 40.80 Increased By ▲ 1.77 (4.53%)
PTC 25.55 Increased By ▲ 0.08 (0.31%)
SEARL 105.50 Increased By ▲ 2.45 (2.38%)
TELE 8.73 Decreased By ▼ -0.29 (-3.22%)
TOMCL 36.48 Increased By ▲ 0.07 (0.19%)
TPLP 14.08 Increased By ▲ 0.33 (2.4%)
TREET 24.90 Decreased By ▼ -0.22 (-0.88%)
TRG 56.06 Decreased By ▼ -1.98 (-3.41%)
UNITY 33.50 Decreased By ▼ -0.17 (-0.5%)
WTL 1.64 Decreased By ▼ -0.07 (-4.09%)
BR100 11,830 Decreased By -60.1 (-0.51%)
BR30 36,797 Decreased By -559.1 (-1.5%)
KSE100 109,926 Decreased By -1144 (-1.03%)
KSE30 34,575 Decreased By -334.1 (-0.96%)

ISLAMABAD: The Islamabad High Court (IHC) extended stay order against the indictment of former president Asif Ali Zardari in Rs8.3 billion suspicious transactions in fake bank accounts case.

A division bench comprising Chief Justice Athar Minallah and Justice Aamer Farooq on Tuesday heard a petition filed by the Pakistan Peoples Party (PPP) co-chairman against the Islamabad accountability court’s order dated October 14 of rejecting his acquittal plea in the case.

During the hearing, the National Accountability Bureau (NAB) prosecutor, Nasir Mehmood Mughal, submitted the bureau’s reply. At this, Zardari’s counsel Farooq H Naek said he would argue the case after studying the NAB’s reply.

Therefore, the court accepted his plea and deferred the case till December 14 for further proceedings.

The bench also restrained the trial court from framing charges against him till further order.

Zardari’s counsel Farooq H Naek stated in the petition that he moved an acquittal plea under Section 265-D read with Section 256-K code of criminal procedure before Accountability Court-III judge Syed Ashgar Ali but the court turned down Zardari’s plea and decided to indict him and the other accused on October 28.

According to the petition filed by Naek on behalf of Zardari, the allegations against the accused Zardari in the reference is regarding purchase of house no F-33, block-04, Clifton, Karachi for a sum Rs150 million, which has admitted in the reference duly declared in the wealth statement filed before the Federal Board of Revenue (FBR) and statement of assets and liabilities submitted before the Election Commission of Pakistan (ECP).

It added that it is also admitted in the reference that conveyance deed of the said property was duly registered showing sale price paid in cash but it alleged that the payment was made through 18 cheques from joint account of Zain Malik and Mushtaq Ahmed.

He prayed before the court to declare the said AC order as malafide, illegal, null and void abinitio, while suspending the operation of the said order.

He requested the court to restrain the AC from framing charge against the petitioner and acquit him in the said reference.

Copyright Business Recorder, 2021

Comments

Comments are closed.