The Islamabad High Court (IHC) on Monday granted bail to Taha Raza, ex-senior vice-president of Summit Bank, while dismissed the bail applications of leading banker, Hussain Lawai and former director general Parks and Horticulture KMC Liaquat Qaimkhani.

A Division Bench of IHC comprising Justice Mohsin Akhtar Kiyani and Justice Lubna Saleem Pervez heard the bail pleas.

Chief Justice Athar Minallah and Justice Aamer Farooq on March 28 through a short order had granted bail to 24 accused persons, including Hussain Lawai, and Liaquat Ali Qaimkhani.

However the Supreme Court on April 7 had set aside the impugned directions issued by the IHC as well as the high court of Sindh to release prisoners on bail.

The NAB prosecutor, Barrister Rizwan contended that Taha Raza, arrested in fake account case, was not directly involved in crime, while other two were the main accused of corruption cases.

The NAB Rawalpindi arrested Liaqat Qaimkhani last year in September.

The anti-graft body seized eight vehicles, arms, property files, jewellery and official records of the KMC from his custody.

According to the NAB, eight recovered vehicles were luxury and the weapons sophisticated.

It said that documents of seven bungalows in Karachi and Lahore were also found in his home during a search in the PECHS, Block-6.

"Original files" of the KMC were also seized from the held suspect's home.

Two lockers, six and four feet high, were also seized, which have not been opened so far, said the sources.

They revealed that the held suspect had granted a "fake contract" of Bagh Ibne Qasim, when he was parks DG of the KMC.