AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

ISLAMABAD: The Pink Residency case against Omni Group’s Abdul Ghani Majid and others was deferred by an accountability court (AC) on Thursday due to the illness of the prosecution witness.

The AC-II judge Muhammad Azam, while hearing the case adjourned the hearing as it was informed the prosecution witness Rasool Baksh was suffering from fever.

NAB prosecutor Waseem Javed informed the court at the outset of the hearing that witness Baksh was unable to come because of a fever he was experiencing. Prosecutors should provide an undertaking that the witness did not test positive for the Covid-19 but was simply suffering from a fever, the defence attorney said.

He further said that special judge central in the judicial complex, where accountability court is also located, and four members of his staff had tested positive for the Covid-19. The prosecutor said that flu and cough are spreading due to the current weather condition. The court adjourned the hearing of the case till January 27.

A Pink Residency case was launched by the NAB against Abdul Ghani Majid of Omni Group, along with 16 other individuals and entities. The “Pink Residency” project in Karachi’s Gulistan-e-Jauhar neighbourhood is the subject of the citation. Two plots in Gulistan-e-Jauhar were allegedly illegally regularised by the accused. One allotment was 23 acres in size, while the other was seven acres. It has been claimed that the illegally-regularized tracts of land were paid for using bogus bank accounts. The NAB estimates that the illegal land regularization and consequent sale caused a loss of Rs4 billion to the national exchequer.

Meanwhile, the same court adjourned hearing of mega money laundering and Park Lane cases against former president Asif Ali Zardari and others due to the absence of the defense counsel, Farooq H Naek and power breakdown.

Copyright Business Recorder, 2022

Comments

Comments are closed.