The IHC divisional bench comprising Justice Athar Minallah and Justice Aamir Farooq heard the bail plea of an accused Fazal Subhan.
The counsel for the petitioner, Rao Sarfraz contended that his client was uneducated and he was just an employee in the company of Mufti Ahsan.
He argued that Fazal Subhan was misused by the company owner and he did nothing deliberately.
If his client had taken any financial benefit, he should have a luxurious life style, he said.
However, an official of National Accountability Bureau (NAB) informed the bench that it was confirmed during the investigation, the accused was employee of the company.
After hearing the arguments, the court granted bail to Fazal Subhan.
It may be mentioned here that NAB Rawalpindi had arrested 43 persons in Modaraba/Musharika cases and had recovered Rs 568.82 million from them.