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Khawaja Asif caused loss of not a single penny to national exchequer: LHC

Daily Times July 8, 2021 In a written verdict issued in Pakistan Muslim League-Nawaz (PML-N) senior leader and former foreign minister Khawaja Asif’s bail application case, the Lahore High Court (LHC) on Wednesday said it was a fact that Asif had not caused a loss of a single penny to the national exchequer. However, in 18-page verdict, Justice Aalia Neelam and Justice Shahbaz Ali Rizvi wrote that the allegation of accumulating assets beyond known sources of income against the PML-N leader merited ‘inquiry’. The verdict reads that despite the fact that NAB prosecutor had told the court that reference against Asif would be sent to NAB chairman for further action in the case, reference had not been filed against him till this date.

Kh Asif caused no loss to national exchequer: LHC

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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