NAB arrests SECP director in Park Lane case

ISLAMABAD: The National Accountability Bureau (NAB) has arrested director Security and Exchange Commission of Pakistan (SECP) in the connection with Park Lane reference filed against former President Asif Ali Zardari and others.

The officials of NAB produced SECP director Javed Hussain before Accountability Court duty judge Sharukh Arjumand for obtaining his physical remand. The NAB prosecutor Usman Masood informed the court that the suspect had facilitated the resignation of former President Zardari from two companies in back dates in 2009.

He further argued before the court that the accused was working as Registrar ROC as Islamabad in 2009 and received record of Park Lane Company. It was in the knowledge of suspect that Zardari owns Park Lane Company, he said, adding that the suspect had allegedly hid information from his subordinates.

The prosecutor requested the court to grant 14 days physical remand of the accused for recovery of more documents from his possession.

The defence counsel while objecting to NAB request said that NAB has obtained complete record of Park Lane case. There is a single allegation of sending of an email against his client, he said.

The court after hearing arguments of both defence and prosecution remanded the accused into NAB custody till September 6.