Court sends back Toshakhana reference against Zardari, Gilani, Nawaz

Author: Agencies

An accountability court in Islamabad sent back the Toshakhana reference filed by the National Accountability Bureau (NAB) against former president Asif Ali Zardari, ex-prime ministers Yousuf Raza Gilani and Nawaz Sharif.

The reference was sent back by judge Muhammad Bashir after the PPP and PML-N leaders applied to cancel the case because of the recent amendments made to the NAB Ordinance. The Toshakhana is a department which stores gifts given to Pakistani heads of state and premiers by other countries. According to the gift depository rules, the presidents and prime ministers have to deposit any gifts they receive in the Toshakhana as they are the property of the state – unless sold at an open auction. The rules, however, do allow officials to retain gifts with a market value of less than Rs10,000 without paying anything.

In March 2020, NAB filed the Toshakhana reference in an accountability court against the three political leaders. Khawaja Anwar Majeed and Khawaja Abdul Ghani Majeed, the owners of the Omni group were also named as suspects in the reference. According to the accountability bureau, former president Zardari and former premier Sharif obtained cars from the Toshakana by paying 15% of the price of the cars. The bureau further alleged that former premier Gilani facilitated Zardari and Nawaz in this regard. Sharif and Zardari are currently out on bail in other corruption cases against them.

Share
Leave a Comment

Recent Posts

  • Business

Investors scour the globe for shelter as Wall Street shakes

Global investors are eyeing European and emerging market assets to protect themselves from further turbulence…

2 hours ago
  • Business

Fed to hold rates steady as inflation dims hopes for policy easing

U.S. central bank officials will conclude their latest two-day policy meeting on Wednesday with a…

2 hours ago
  • Business

Asian markets track Wall St down as Fed looms

Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after…

2 hours ago
  • Business

Bank of Japan’s hawkish whispers drowned out by rowdy yen selloff

The Bank of Japan's decision to keep policy unchanged last week gave yen bears plenty…

2 hours ago
  • Business

Mega Cotton Seminar held in Bahawalpur

Under the auspices of the Agriculture Department (Extension), Government of Punjab, the mega cotton seminar…

2 hours ago
  • Business

Gold price surges by Rs7,100 per tola in April

Gold price in the country surged by Rs7,100 per tola in April following a surge…

2 hours ago