July 8, 2021
LAHORE: The Lahore High Court (LHC) has issued a detailed order pertaining to granting bail to PML-N leader Khwaja Asif and observed that he has not caused any loss to the national exchequer.
Two weeks ago, an LHC division bench had granted bail to the PML-N leader in a case against him filed by the NAB which accused him of money laundering and owning assets beyond known sources of income.
On Wednesday, the LHC bench comprising Justice Aalia Neelam and Justice Syed Shahbaz Ali Rizvi issued an 18-page detailed order. “Neither there is any tangible material nor even circumstantial material to prima facie conclude that remittance of Rs 107 million was generation of the proceed of crime .The foreign remittance declared in income tax return carries the presumption of truthfulness. Even the Federal Board of Revenue record regarding the petitioner’s (Kh Asif) claim has supplemented his claim regarding the properties, income gained by him and foreign remittance. It is an
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