An Accountability Court hearing multibillion rupees fake bank accounts case on Friday extended physical remand of a director of Securities and Exchange Commission of Pakistan (SECP) for another 14 days in Park Lane reference filed against former president Asif Ali Zardari and others.
The Accountability Court Judge Muhammad Bashir while hearing the case approved NAB's request to extend physical remand of SECP Director Javed Hussain for another 14 days to conduct further interrogation from him. Earlier, the officials of National Accountability Bureau (NAB) produced the accused before the Accountability Court on expiry of his physical remand.
The prosecutor told the court that the accused by misusing his authority had benefited Asif Ali Zardari. The accused had facilitated the resignation of Zardari from two companies in back dates in 2009. He further argued before the court that the accused was working as registrar ROC Islamabad in 2009 and received the record of Park Lane Company. It was in the knowledge of the accused that Zardari owned Park Lane Company, he said, adding that the accused had allegedly hidden information from his subordinates.
While objecting to the NAB's request, the defense counsel requested the court to reject the NAB's application. The court after hearing the arguments of both defense and prosecution sides remanded the accused into the NAB custody till September 27.