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%)

The Islamabad High Court (IHC) Saturday constituted a two-member bench for hearing an application filed by former Prime Minister Nawaz Sharif, seeking suspension of sentence awarded to him in Al-Azizia Steel Mills reference case. Justice Athar Minallah and Justice Amir Farooq would resume the bail application's hearing on January 7. Sharif has pleaded the court to suspend his sentence and release him on bail.
In the application, he claimed that the accountability court's judgement was based on 'misunderstanding' and 'misinterpretation of the law' and the evidences were addressed inappropriately. The application further remarked that the grievances of the accused were not heard and addressed. Furthermore, he has requested the court for a bail until his application of sentence suspension is not heard.
The accountability court on December 24, 2018 convicted Sharif in Al-Azizia reference and sentenced him to seven years in prison and acquitted him in Flagship reference case filed by National Accountability Bureau (NAB) in mega corruption scandal. In the 131-page judgement written by the accountability court Judge Arshad Malik, reasons of his conviction were mentioned. It said that the prosecution has successfully established all the ingredients of the offence of corruption committed by Sharif, and that he has failed to provide legal money trail of his assets.
Later, Sharif was arrested from the premises of the accountability court. After spending a night at Adiyala Jail in Rawalpindi, he was shifted to Kot Lakhpat Jail in Lahore. Earlier, the NAB had filed three cases - Avenfield, Al-Azizia Steel Mills and Hill Metals Establishment and offshore companies, including Flagship Investment Limited - against the Sharifs on the Supreme Court's directives in the July 2017 Panama Papers case verdict. The trial commenced later in September that year.

Copyright Business Recorder, 2019

Comments

Comments are closed.