A bench of the SHC directed Niazi and others to deposit Rs 1 million each in the court as surety.
The court also remarked that if Niazi and other accused are arrested in other references, their bail in this case would not extend to those cases.
Earlier, the defence counsel informed before the bench that the National Accountability Bureau (NAB) had failed to indicate about any irregularity or corruption against the accused. The NAB also failed to point out to what extent the accused caused losses to the national exchequer, lawyer said.
The counsel pleaded for bail of the accused, adding that the accused was ready to cooperate with the court.
According to the anti-graft watchdog, the NICL had invested in Dadu Crescent Investment Company in a non-transparent manner and suffered heavy losses due to the investment.
Published in Daily Times, December 22nd 2018.
Ladakh witnessed a complete shutdown on 1st October in both the Kargil and Leh districts…
Donald Trump's return to the White House in 2025 could mark a seismic shift in…
The government's heavy-handed approach to counter Pakistan Tehreek-i-Insaf's (PTI) planned protest on November 24 is…
Even if there does not stand any arrest warrant by the International Criminal Court (ICC)…
Prime Minister Shehbaz Sharif on Friday, recounting Saudi Arabia's unconditional financial and diplomatic support to…
Leave a Comment