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Dar submits Rs1m to secure bail from NAB court – Pakistan

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Finance Minister Ishaq Dar appeared earlier than an accountability court docket on Monday to submit surety bonds price Rs1 million to safe his bail, DawnNews reported.

Earlier this month, Nationwide Accountability Bureau (NAB) had issued a bailable arrest warrant in opposition to the finance minister, after he didn’t adjust to a summon issued earlier by the identical court docket.

The court docket will now hear the case on September 27.

NAB additionally seized the financial institution accounts and properties of Dar because the court docket initiated proceedings in opposition to him in a corruption reference.

The court docket had warned that non-bailable arrest warrants shall be issued on Sep 25, if Dar fails to seem earlier than the court docket.

The reference filed by Nationwide Accountability Bureau (NAB) on the directives of the apex court docket in opposition to Ishaq Dar is said to possession of property past his recognized sources of earnings.

The Lahore NAB wrote to the State Financial institution of Pakistan (SBP), reminding the banking regulator that since a reference was pending in opposition to Dar, “the financial institution accounts of Mr Ishaq Dar, Federal Minister, could also be cautioned”.

The bureau, nonetheless, left room for transactions from these accounts, as NAB had made them topic to the orders of the accountability court docket.

NAB has additionally written to district governments, asking them to cease any switch or disposal of the properties owned by Dar, warning that in case of non-compliance, they may withstand three years in jail underneath the Nationwide Accountability Ordinance (NAO) 1999.

As well as, a NAB workforce visited the minister’s residence within the capital on Wednesday to execute his arrest warrants. “Since Dar is already overseas, the officers handed over the warrants together with the court docket summons to his employees,” stated a press release from the bureau.

In the course of the earlier listening to, Dar’s protocol officer Fazal Dad had appeared on behalf of the minister and apprised the court docket that Dar was unable to seem earlier than the court docket on account of his private engagements because the minister was in another country. The protocol officer, nonetheless, was unaware of the date of Dar’s return.

On this, NAB Prosecutor Sardar Muzaffar appealed the court docket to situation arrest warrants of the accused.

Subsequently, the choose of the accountability court docket Mohammad Bashir issued a bailable arrest warrant for Dar, directing the authorities to arrest and produce the minister on September 25.

On Sept eight, NAB had filed a reference in opposition to Dar, and three separate references in opposition to ousted prime minister Nawaz Sharif and his youngsters.

Instructions to file the references got here from the Supreme Courtroom in its July 28 verdict, on the premise of an investigation report ready by a Joint Investi­ga­tion Workforce (JIT) consisting of officers of the Federal Investigation Company (FIA), Inter-Providers Intelligence, Navy Intelligence, NAB, Securities and Change Fee of Pakistan and the SBP.

On Sept 12, the apex court docket took up assessment petitions in opposition to the July 28 judgement and dismissed the petitions inside 4 days. On Sept 19, Accountability Courtroom Choose Mohammad Bashir re-issued summons for Mr Sharif and his members of the family since none of them, together with Hussain Nawaz, Hassan Nawaz, Maryam Nawaz and her husband retired Captain Safdar, had proven up in court docket.

The JIT had identified an exorbitant enhance in Dar’s property from 2008 to 2009. NAB authorities summoned Dar however he failed to seem, arguing that NAB couldn’t summon him following his petition in opposition to the Panama case verdict, for the reason that choice underneath which the bureau was investigating was underneath assessment.

The Federal Board of Income (FBR) has reportedly submitted the Dar’s tax return knowledge from the final 20 years to NAB. The SECP has additionally handed over the data of seven firms owned by Dar and his members of the family to the anti-corruption watchdog.

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