• Wednesday, October 17, 2018

Dar assets case: Court reserves decision on NBP president's acquittal plea

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  1. Dubious

    Dubious ELITE MEMBER

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    Dar assets case: Court reserves decision on NBP president's acquittal plea



    [​IMG]
    NBP President Saeed Ahmed. Photo: File

    ISLAMABAD: An accountability court in Islamabad on Wednesday reserved its decision on a plea from National Bank of Pakistan (NBP) President Saeed Ahmed seeking his acquittal in a reference related to the assets of former finance minister Ishaq Dar.

    The NBP president has been nominated as a co-accused in the reference filed against Dar for possessing assets beyond his known sources of income and has been charged with opening up bank accounts allegedly used for money laundering by the former finance minister.

    "My client should not be charged even if the statements of the National Accountability Bureau (NAB) are taken to be correct," Ahmed's counsel Advocate Hashmat Habib said as accountability court judge Justice Muhammad Bashir heard the reference.

    NAB laws do not apply to the accusations leveled against my client,” the NBP president's counsel added.

    However, NAB's special prosecutor Imran Shafiq arguments responded that he still has to present 55 to 56 witnesses to present his case.

    "Court should give time for us to provide evidence," the NAB special prosecutor upheld.

    "Fraud was done with such expertise it’s remarkable," he further commented wile stating that it "was not possible for such a huge amount to be transferred into the account of a public office holder".

    "Accused required a qualified person to bring the amount to Pakistan and needed someone whose account the money could be transferred to without raising suspicion," Shafiq continue.

    He alleged, "Ahmed advised the accused in opening accounts to transfer the money into."

    "Now he can’t say that he had no knowledge regarding the accounts that were opened," the special prosecutor further said.

    "Ahmed was the deputy governor of State Bank of Pakistan (SBP) when transactions worth hundreds of thousands of dollars were made from Dar's account but he took no action," Shafiq further claimed.

    He also alleged, "Ahmed was given high posts by Dar."

    The special NAB prosecutor added that the former finance minister also submitted nomination papers for Senate elections that were held in March despite being declared a proclaimed offender in the case by the same court.

    "During the time of the Senate elections, another bank account was opened for Dar in NBP. Had this account not opened, Dar would not have been able to take part in Senate elections as the court had ordered to freeze his assets," Shafiq maintained.

    Further during the hearing, the statement of prosecution witness and National Database and Registration Authority (NADRA) General Manager Ghazali Zahid was recorded.

    The hearing of the case has been adjourned till June 20.

    https://www.geo.tv/latest/199116-da...ves-decision-on-nbp-presidents-acquittal-plea

    This sleaze ball is still not caught?! I have to wonder what kind of prosecutors we got :(
     
  2. Dubious

    Dubious ELITE MEMBER

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    Judge reserves verdict on acquittal of NBP chief in Dar illegal assets case
    8 HOURS AGO BY STAFF REPORT

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    ISLAMABAD: The hearing of the illegal assets reference against former finance minister Ishaq Dar was adjourned till June 27, as the judge reserved the verdict over the acquittal of a co-accused, National Bank of Pakistan (NBP) President Saeed Ahmed for a later date on Wednesday.

    Judge Muhammad Bashir was hearing the case, in which nominated accused, National Bank President Saeed Ahmed, Naeem Mehmood and Mansoor Raza of Hajveri Trust appeared before the court. Qazi Misbah, the counsel of Naeem Mehmood and Mansoor Raza cross-examined defence witness Ishtaiq Ali. The witness said he had presented relevant record to the investigating officer of National Accountability Bureau (NAB).

    The court said that the decision reserved over the acquittal of Saeed Ahmed will be announced later and adjourned the hearing till June 27.

    Earlier on June 13, hearing of reference against Dar was adjourned till June 20 in the accountability court with the decision over the acquittal of Saeed Ahmed being reserved.

    On June 6, Muhammad Azeem was cross-examined by the defence counsel, Qazi Misbah, the record of transactions was presented by the witness in the court. On the occasion, National Bank President Saeed Ahmed Khan appealed to the court to grant him leave, as the doctor had advised him to take rest due to deteriorated health. The court accepted the plea later.

    On May 30, hearing of assets beyond means reference against former Finance Minister Ishaq Dar was adjourned until June 6.

    Qazi Misbah completed his cross-examination from the defence witness Masood Al Ghani, who is associated with a private bank.

    Ghani said in his statement that Rs 25 lacs were transferred from Ishaq Dar’s account of Bank Alfalah Gulberg Branch.

    During the hearing, counsel of Saeed Ahmed appealed the court to adjourn the hearing arguing he wanted to perform Umrah.

    “How can you leave at this point, when the trial is underway,” Judge Muhammad Bashir replied.

    According to a local media report, NAB’s allegations contradict its own forensic report that states that forged signatures had been used to access the bank accounts.

    A forensic examination of the documents was submitted to NAB Headquarters in 2017 by the NAB Deputy Director Muhammad Naseem. Earlier, NAB Special Prosecutor Imran Shafeeq stated that Dar and Ahmed were working together in Hajveri Modaraba Management (Pvt) Ltd Company and suggested that Ahmed, along with the other co-accused might have assisted and abetted the primary accused in mounting illegal assets. It further alleged that seven bank accounts were opened in the name of Saeed Ahmad in the years 1997, 1998 and 1999 which were closed in 1999, 2000 and 2002 respectively.

    The prosecutor claimed that millions of rupees were transacted into foreign currency accounts, which were operated from 1997 to 2006. It needs to be observed that the alleged fake accounts were opened in 1997 and 1998, at least two years after his end of directorship when Saeed was living abroad and was having no say or influence in the company as the director. Also, NAB’s allegations are in contradiction with its own forensic report that says that signatures of applicant do not tally and forged signatures were used to open these bank accounts.

    Dar, a close aide of Pakistan Muslim League-N chief Nawaz Sharif, is accused of possessing assets disproportionate to his declared sources of income.

    NAB filed an interim reference against Dar in September last year in light of the Supreme Court’s July 28, 2017 verdict in the Panama Papers case. The recently-filed supplementary reference is based on seven volumes and includes the account details of the accused persons, with transactions amounting to $4.06 million, according to NAB’s Special Prosecutor Imran Shafiq.

    Dar was re-elected to the Senate of Pakistan earlier this year.

    https://www.pakistantoday.com.pk/20...ttal-of-nbp-chief-in-dar-illegal-assets-case/

    What a circus?!

    1 says let me go I am sick (Yea when caught everyone gets sick)
    Another is like let me go..I wanna do Umrah? Yea every corrupt goes for Umrah!

    And finally a man who is on trial on corruption was re-elected to Senate of Pakistan? Welcome to the senate of Corrupts!

    And moronic judge still dragging the case on our tax payers money?