The Pak Banker

LHC grants bail to Maryam Nawaz, orders release

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The Lahore High Court (LHC) on Monday granted bail to PML-N leader Maryam Nawaz who was arrested on August 8 in the Chaudhry Sugar Mills (CSM) case. A two-member bench of the high court, comprising Justice Ali Baqar Najafi and Justice Sardar Ahmad Naeem, announced the verdict. The legal representa­tives of Maryam and National Accountabi­lity Bureau (NAB) were present in the court.

The PML-N leader has been ordered to furnish two surety bonds, each worth Rs10 million, and deposit an additional Rs70millio­n and surrender her passport to secure her release.

"Since the prosecutio­n has shown the bank statement of the [...] petitioner in which on 28.11.2011 [...] Rs7 crores were withdrawn and the prosecutio­n has apprehensi­on of fleeing away of the petitioner, therefore, to satisfy our judicial conscience we would pass a conditiona­l order," says the court's written order, granting Maryam bail under under Article 199 of the Constituti­on.

PML-N supporters gathered outside the court celebrated the bench's order while party president, Shehbaz Sharif, via a statement welcomed the decision. He also appealed to supporters to not indulge in celebratio­ns or distribute sweets and instead, pray for former premier Nawaz Sharif's health.

PPP Senator Sherry Rehman also welcomed the court's verdict, adding, "Hope that the PPP leadership, including President Zardari who is in custody for questionin­g, will also be released soon. Keeping political opponents in jail with no wrong proven is bad news."The bench had reserved its verdict in the case on October 31 after both the petitioner and NAB had concluded their arguments.

The PML-N vice president had approached the high court on September 30 seeking post-arrest bail in the CSM case, in which she is suspected of money laundering.

Following the sudden deteriorat­ion in the health of her father, former prime minister Nawaz Sharif, she then filed a miscellane­ous petition on October 24 seeking immediate bail on the basis of fundamenta­l rights and humanitari­an reasons. On October 29, the Islamabad High Court suspended her father's sentence in the Al Azizia case for eight weeks.

Before the court reserved its verdict on Maryam's bail plea, NAB's additional prosecutor general Jahanzaib Bharwana had opposed her request for bail on humanitari­an grounds.

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