BR100 Decreased By (-0%)
BR30 Decreased By (-0.4%)
KSE100 Increased By (0.14%)
KSE30 Increased By (0.05%)
AGHA 6.63 Increased By ▲ 0.02 (0.3%)
BECO 4.29 Increased By ▲ 0.05 (1.18%)
BML 60.16 Decreased By ▼ -1.29 (-2.1%)
BOP 28.78 Decreased By ▼ -0.03 (-0.1%)
CNERGY 12.85 Increased By ▲ 0.05 (0.39%)
CSIL 5.46 Decreased By ▼ -0.10 (-1.8%)
FCCL 51.77 Decreased By ▼ -0.22 (-0.42%)
FFL 14.03 Increased By ▲ 0.01 (0.07%)
FNEL 1.12 No Change ▼ 0.00 (0%)
KEL 6.09 Increased By ▲ 0.18 (3.05%)
KOSM 5.38 Decreased By ▼ -0.06 (-1.1%)
LOTCHEM 25.41 Decreased By ▼ -0.41 (-1.59%)
MLCF 89.95 Decreased By ▼ -0.50 (-0.55%)
NBP 158.23 Decreased By ▼ -1.04 (-0.65%)
NCPL 48.85 Decreased By ▼ -0.23 (-0.47%)
NPL 53.29 Increased By ▲ 0.86 (1.64%)
OGDC 299.10 Decreased By ▼ -3.15 (-1.04%)
PACE 9.99 Increased By ▲ 0.13 (1.32%)
PAEL 33.77 Increased By ▲ 0.04 (0.12%)
PIBTL 13.65 Decreased By ▼ -0.06 (-0.44%)
PPL 218.87 Decreased By ▼ -0.38 (-0.17%)
PRL 106.95 Increased By ▲ 3.19 (3.07%)
PTC 53.60 Decreased By ▼ -1.46 (-2.65%)
SSGC 22.91 Decreased By ▼ -0.11 (-0.48%)
TBL 9.57 Decreased By ▼ -0.20 (-2.05%)
TELE 7.11 Decreased By ▼ -0.12 (-1.66%)
TPL 20.48 Decreased By ▼ -0.19 (-0.92%)
TPLP 11.78 Decreased By ▼ -0.09 (-0.76%)
TREET 23.38 Decreased By ▼ -0.22 (-0.93%)
TRG 56.37 Increased By ▲ 0.90 (1.62%)

The Supreme Court Monday rejected the National Accountability Bureau's appeal against Sindh High Court decision to suspend its warrants of arrest for Pakistan Peoples Party (PPP) leader Sharjeel Memon.

The SHC last week had granted pre-arrest bail to PPP leader and former Sindh minister Sharjeel Memon and ordered the NAB not to arrest him during inquiry being conducted against him.

Sharjeel Memon filed pre-arrest bail petition in the SHC, fearing his arrest after opening of new inquiries against him by the NAB. Memon, in his petition, stated that two references are already under proceedings against him and it came into his knowledge that the anti-corruption watchdog is now holding a secret inquiry.

A two-judge bench comprising Justice Ijazul Ahsan and Justice Ameen-ud-Din heard the NAB appeal. It observed that the SHC decision in which it made observations against the Bureau won't have any bearing on the trial proceedings against Memon.

"The SHC's decision suspending the arrest warrants won't be used as a legal reference," the court ruled.

An accountability court on December 21 had issued a show cause notice to the investigation officer of the assets reference against Memon over failure to submit report about the proclaimed offenders of the case.

Memon's wife Sadaf Sharjeel and mother Zeenat Inaam Memon have been among the co-accused in the assets beyond means reference filed by the NAB. Both of them filed petitions for exemption from appearing in hearing of the case.

In the earlier hearing, the court had summoned Memon's wife and other co-accused on December 21. Former provincial minister was also absent from the accountability hearing.

The corruption reference stated that the investigators have found solid evidence of financial irregularities against Memon, his wife and other accused. The reference also stated presence of record, which confirms charges of making assets beyond known sources of income by the accused. The accused persons are facing over Rs 2.27 billion corruption charges.

Another reference against Memon is also under proceeding over his alleged involvement in corruption worth Rs 5.75 billion. Memon is accused of awarding government advertisements at exorbitant rates when he was Sindh's information minister. He was arrested by the National Accountability Bureau in 2017 and remained in jail for 20 months. He is currently out of jail after the court granted him bail.

Copyright Business Recorder, 2019

Comments

Comments are closed for this article.