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A detailed verdict of the Lahore High Court into post-arrest bail granted to former defence minister Khwaja Muhammad Asif in an inquiry of illegal assets and money laundering has observed that the opposition leader caused no loss to the national exchequer. Reuters/File
LAHORE: A detailed verdict of the Lahore High Court into post-arrest bail granted to former defence minister Khwaja Muhammad Asif in an inquiry of illegal assets and money laundering has observed that the opposition leader caused no loss to the national exchequer.
“Neither there is any tangible material, nor even any circumstantial material to prima facie conclude that remittance of Rs 107 million was generation of the proceeds of crime,” says the verdict issued by a two-judge bench comprising Justice Aalia Neelum and Justice Syed Shahbaz Ali Rizvi.
In this file photo, PML-N president Shehbaz Sharif appears for a hearing at an accountability court in Lahore. DawnNewsTV
LAHORE: In its detailed verdict on the post-arrest bail petition of Leader of Opposition in National Assembly Shehbaz Sharif in a money laundering reference, a Lahore High Court full bench has observed that the former chief minister of Punjab faces no allegation of receiving kickbacks or having ill-gotten money.
“Interestingly, the NAB has categorically admitted before us that petitioner is not alleged to have received any kickbacks or any such ill-gotten money in return to a favour extended to someone to build up the assets in the name of his family,” states the verdict issued by the bench comprising Justice Ali Baqar Najafi, Justice Aalia Neelum and Justice Syed Shahbaz Ali Rizvi.