AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,957 Increased By 122.2 (1.56%)
BR30 25,700 Increased By 369.8 (1.46%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)

An accountability court on Wednesday acquitted former President Asif Ali Zardari in the polo-ground corruption reference and dismissed a petition seeking acquittal in other references filed against him by National Accountability Bureau (NAB). The accountability court judge, Muhammad Bashir, while hearing five references against former president Zardari announced his judgement in the polo-ground corruption reference, declaring the accused innocent due to lack of evidence against him.
The court dismissed a petition seeking the acquittal of Asif Ali Zardari in the SGS and Contecna references and asked the NAB to summon witnesses on June 9. The court will announce its judgement in the URSUS and the ARY Gold cases against Zardari on June 4.
Farooq H Naek, Zardari's counsel, told media persons outside the court that the court had said that there was no sufficient evidence against his client. The accountability court reopened NAB references against former President Asif Ali Zardari on October 11, 2013 and issued a notice to him to appear before the court.
The references against the former president include the alleged kickbacks from SGS PSI Company, and grant of licence to ARY Gold, causing huge loss to national exchequer, illegal gratification and undue pecuniary advantage in the form of commission in the purchase of URSUS tractors under the Awami Tractor Scheme, illegal award of contract to Cotecna for pre-shipment, assets beyond means and illegal construction of a polo-ground at Prime Minister's house.
The hearing of the references against former President Zardari had been adjourned when he was elected President of Pakistan due to constitutional immunity. The then President, Pervez Musharraf, had withdrawn all the corruption cases against Zardari under the controversial National Reconciliation Ordinance (NRO) in 2007. The Supreme Court later annulled the NRO and reopened all corruption cases against him.

Copyright Business Recorder, 2014

Comments

Comments are closed.