De­ci­sion re­served on Dar's plea against as­sets freez­ing

The Pak Banker - - FRONT PAGE - Staff Re­porter ISLAMABAD

The ac­count­abil­ity court hear­ing the as­sets ref­er­ence against Sen­a­tor Ishaq Dar re­served its rul­ing on the sus­pect's pe­ti­tion against the freez­ing of his as­sets on Wed­nes­day. Dar, the for­mer fi­nance min­is­ter and close aide of for­mer prime min­is­ter Nawaz Sharif, is ac­cused of pos­sess­ing as­sets dis­pro­por­tion­ate to his de­clared sources of in­come.

A ref­er­ence was filed against him by the Na­tional Ac­count­abil­ity Bureau (NAB) in light of the Supreme Court's July 28 ver­dict in the Panama Pa­pers case.

Dar had been ear­lier de­clared a pro­claimed of­fender by the ac­count­abil­ity court due to his con­tin­u­ous ab­sence from the pro­ceed­ings and his prop­erty and as­sets were also or­dered to be seized. Ad­vo­cate Qazi Mis­bah ap­peared on be­half of Dar and re­quested the court to dis­miss its order of freez­ing and seizure of Dar's as­sets.

NAB pros­e­cu­tor Im­ran Shafique op­posed the plea, ar­gu­ing that the de­fen­dant should have ap­proached the court within 14 days of the order which was not done. Mis­bah re­sponded that he re­ceived the order late oth­er­wise swift re­sponse would have been con­ducted.

Ac­count­abil­ity Court-I Judge Mo­ham­mad Bashir then re­served the ver­dict and will an­nounce it on Fe­bru­ary 14.

The next hear­ing of the as­sets ref­er­ence case will be held on Fe­bru­ary 8, when two wit­nesses are ex­pected to ap­pear be­fore the court and record their state­ments.

On Jan 24, the court or­dered un­freez­ing of Dar's Ha­jveri Trust bank ac­count on wel­fare grounds. On Jan­uary 10, Dar had pe­ti­tioned the court stat­ing that Ha­jvery Trust is an or­gan­i­sa­tion for or­phans, where 93 or­phan boys and girls are be­ing looked af­ter and for their sake, the court must un­freeze the trust's bank ac­counts.

ISLAMABAD -APP

Ad­viser to the PM on Fi­nance, Mif­tah Is­mail with Min­is­ter for Fi­nance Pun­jab, Aye­sha Ghaus Pasha at Min­istry of Fi­nance.

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