AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

The Sindh High Court (SHC) on Monday suspended five-year term given to Pakistan People's Party (PPP) leader Ali Nawaz Shah by accountability court, and bailed him out in a graft case. The High Court approved bail plea of Ali Nawaz Shah who was sentenced along with his nephew and cousin by an accountability court in an embezzlement case of millions of rupees.
Sitting Sindh assembly member of PPP Ali Nawaz Shah, his nephew Syed Imtiyaz Shah and Cousin Syed Khadim reached the SHC and challenged National Accountability Bureau (NAB) Court's verdict of sentencing them to jail in a fraud case. The applicants' counsel argued that allegations levelled against them do not come within the ambit of NAB court and all the charges are politically motivated. Their counsel requested the SHC to suspend the trial court's order as they have nothing to do with any corruption or embezzlement.
After hearing the argument SHC suspended NAB court's order and approved the bail plea of aforementioned against the surety bonds of Rs 500,000 for each. NAB court on 10th September had sentenced aforementioned after founding them guilty of causing loss of millions of rupees to national exchequer by drawing funds for fake land acquisition. The prosecution had alleged that they were involved in making bogus B-form to get compensation.
Earlier the NAB Court awarded a five year term to Ali Nawaz Shah while Syed Imtiyaz Shah and Syed Khadim got three and four years jail term respectively. The trial court ordered trio to pay Rs 560,000, Rs 430,000 and Rs 540,000 respectively for their involvement in embezzlement case.

Copyright Business Recorder, 2015

Comments

Comments are closed.