AIRLINK 75.10 Increased By ▲ 1.40 (1.9%)
BOP 4.90 No Change ▼ 0.00 (0%)
CNERGY 4.40 Decreased By ▼ -0.12 (-2.65%)
DFML 42.50 Decreased By ▼ -2.38 (-5.3%)
DGKC 84.66 Decreased By ▼ -0.84 (-0.98%)
FCCL 21.75 Increased By ▲ 0.35 (1.64%)
FFBL 32.19 Decreased By ▼ -0.32 (-0.98%)
FFL 9.45 Decreased By ▼ -0.14 (-1.46%)
GGL 10.03 Decreased By ▼ -0.24 (-2.34%)
HASCOL 6.95 Decreased By ▼ -0.18 (-2.52%)
HBL 114.52 Decreased By ▼ -0.18 (-0.16%)
HUBC 139.25 Increased By ▲ 0.15 (0.11%)
HUMNL 12.03 Decreased By ▼ -0.39 (-3.14%)
KEL 4.95 Decreased By ▼ -0.08 (-1.59%)
KOSM 4.39 Decreased By ▼ -0.06 (-1.35%)
MLCF 37.50 Decreased By ▼ -0.10 (-0.27%)
OGDC 133.25 Decreased By ▼ -3.55 (-2.6%)
PAEL 24.88 Decreased By ▼ -0.51 (-2.01%)
PIBTL 6.56 Decreased By ▼ -0.13 (-1.94%)
PPL 118.50 Decreased By ▼ -2.50 (-2.07%)
PRL 26.07 Decreased By ▼ -0.52 (-1.96%)
PTC 13.62 Decreased By ▼ -0.48 (-3.4%)
SEARL 58.12 Increased By ▲ 0.82 (1.43%)
SNGP 66.46 Decreased By ▼ -1.54 (-2.26%)
SSGC 10.27 Decreased By ▼ -0.15 (-1.44%)
TELE 8.27 Decreased By ▼ -0.18 (-2.13%)
TPLP 10.75 Decreased By ▼ -0.23 (-2.09%)
TRG 62.47 Decreased By ▼ -0.87 (-1.37%)
UNITY 27.05 No Change ▼ 0.00 (0%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,878 Decreased By -62.9 (-0.79%)
BR30 25,343 Decreased By -304.9 (-1.19%)
KSE100 75,054 Decreased By -463.3 (-0.61%)
KSE30 24,090 Decreased By -188 (-0.77%)

An anti-terrorism court (ATC) on Saturday ordered the Federal Investigation Agency (FIA) to confiscate property of former President General Pervez Musharraf (Retd) and freeze all his bank accounts. The Anti-Terrorism Court (ATC) No III resumed the hearing in high security prison Central Jail Adiala of the high profile murder of Benazir Bhutto and 26 other persons.
Seven accused in the case were present in the court. However, former President Musharraf again failed to appear before the court. Shahid Rafiq, judge of the ATC III, issued the orders of the confiscation of all movable and immovable property of the former president. The judge also issued Musharraf's arrest warrants after he formally declared the latter a proclaimed offender.
The judge directed the FIA to start the process of impounding the 5-acre Chak Shahzad Farmhouse of Musharraf and a 1000sq yard plot in Gwadar. The prosecutor of Federal Investigation Agency (FIA) informed the court that Defence Housing Authority (DHA) and General headquarters of Pakistan Army (GHQ) were requested to provide more information about the property of the former president, but no respond was received.
The court was informed that details about Musharraf's property already submitted to the court were final. The FIA in its report informed the court that Pervez Musharraf possesses a 1000 sq. yard plot in a Gwadar housing scheme and an eight-acre farmhouse in Chak Shahzad, Islamabad.
The FIA informed the court that the details about Musharraf's property had so far been obtained from Balochistan, Capital Development Authority (CDA) Islamabad and State Bank of Pakistan (SBP). According to these details, the former president possesses a 1000 sq yards plot in Shanghar Housing Scheme Gwadar, an eight-acre farmhouse in Islamabad and that he also had six accounts in Bank Alfalah, Habib Metropolitan Bank, MCB Bank, Allied Bank, National Bank of Pakistan and Metropolitan Bank.
The court was informed that Musharraf had $190,000 in foreign currency account of National Bank of Pakistan and over Rs 40 million in a Habib Metropolitan Bank account. The FIA would started process for the confiscation of movable and immovable property of former president Pervez Musharraf under section 88, after he was declared proclaimed offender and he failed to appear before the court in Benazir Bhutto assassination case.

Copyright Business Recorder, 2011

Comments

Comments are closed.