Islamabad High Court (IHC) Registrar Office raised an objection on the petition filed by ex-media advisor to the former prime minister Yousaf Raza Gillani, who has approached the IHC for giving relaxation in three years old fraud case. Mian Khurram Rasool, ex-media advisor to Yousaf Raza Gillani filed a petition before the IHC through his counsel Amjad Iqbal Qureshi. However, the IHC Registrar Office raised an objection on the petition saying that the petitioner did not attach reference of the National Accountability Bureau (NAB).
In August 2012, the NAB filed a reference of fraud against Khurram Rasool proprietor of the True Concept Partnership, Pakistan, and Paramount Rainbow Company, for being accused of inducing people to invest in the two companies by creating a false impression that they were doing business of sugar and scrap with the Trading Corporation of Pakistan (TCP) and Pak-Arab Refinery Company (Parco).
As per NAB investigation report the accused had been assisted by his brother Shahid Mehmood in deceiving people for monetary gains of up to Rs 380 million. For cheating people, the accused opened bank accounts of his companies' acronyms with TCP and Parco. He maintained that the accounts of True Concept Partnership, Pakistan, and Paramount Rainbow Company were with the Askari Bank's Jinnah Avenue branch in Islamabad and one of Paramount Rainbow Company was with the Bank of Punjab's Satellite Town branch in Rawalpindi. The NAB arrested both the accused on April 13, 2012 for embezzling the money. The IHC division bench comprising Justice Noorul Haq N Qureshi and Justice Athar Minallah would hear the petition as objection case on Monday.