Thursday, March 28, 2024

LHC verifies PML-N leader Khawaja Asif’s bail application

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The Lahore High Court (LHC) ruled on the bail application of PML-N leader Khawaja Asif on Wednesday.

Two weeks ago, the LHC granted bail in a NAB case against the leader of PML-N, accusing him of money laundering and possession of assets beyond known sources of income.

On Wednesday, two members of the LHC, composed of Chief Justice Aalia Neelam, passed the 18-page verdict.

The court’s decision indicated that the investigating officer’s report indicated that the investigation of Asif was ongoing. The judgment stated that the NAB prosecutor stated that the reference to Khawaja Asif should be sent to the NAB chairman.

The 18-page judgment stated that allegations that Asif’s assets exceed income are under investigation. So far, no reference materials have been submitted for PML-N leaders.

According to the decision, representatives of the International Electromechanical Company (IMECO) headquartered in the UAE wanted to come to Pakistan. The verdict stated that the investigators did not include representatives of the Dubai company in the investigation, adding that Asif had declared his overseas income in the income tax return.

The court ruled that it is a recognized fact that Khawaja Asif did not harm the country’s finances.

The court stated that NAB investigators failed to verify Asif’s overseas funds with the embassy from 2004 to 2008.

PTI leader Usman Dar’s petition to NAB has also become part of the written decision.

The LHC’s written report contains detailed information on Asif’s income.

Asif was arrested on December 29, 2020. He applied for bail on March 27, 2021 and completed the debate on Asif’s bail application within three days.

Asif stated in his bail request that he was arrested by NAB on December 29, accusing him of possessing assets beyond known sources of income and engaging in money laundering activities.

He told the court that he had submitted the detailed information requested by NAB and claimed that the anti-corruption watchdog did not share any records he submitted.

“The accountability court judge also observed that NAB has all relevant records,” Asif said.

He has stated that the Federal Taxation and Election Commission of Pakistan also has a record of the assets he owns.

On December 29, NAB arrested the leader of the PML-N Parliament in the National Assembly on suspicion of possessing assets beyond known sources of income.

He was arrested after leaving the residence of Ahsan Iqbal, the general secretary of PML-N, where he attended a consultative meeting to decide whether PML-N should participate in the Senate election.



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