ISLAMABAD: An Accountability Courtroom (AC) on Wednesday reserved its judgment relating to its jurisdiction in Park Lane reference towards former president Asif Ali Zardari underneath NAB modification act 2022.
AC-II Choose Nasir Javed reserved the choice after listening arguments from either side at size. Asif Zardari’s lawyer Farooq H. Naek appeared earlier than the court docket and argued that the Park Lane reference didn’t fall in jurisdiction of this court docket after the amendments within the NAB regulation. The court docket stated that there have been observations of the excessive court docket in Adam Amin Chaudhry case that the reference couldn’t be returned.
The lawyer stated that the choice of the excessive court docket couldn’t be utilized on this reference because it was associated to a case of amnesty scheme and tax.
The NAB prosecutor Usman Masood opposed the acquittal plea of former president and stated that Nationwide Financial institution of Pakistan (NBP) and Summit Financial institution had a three way partnership. The Park Lane firm had obtained a mortgage value Rs1.5 billion which was later elevated to 2.8 billion. He prayed the court docket to determine the jurisdiction of the reference.
The court docket reserved the decision after the 2 sides accomplished their arguments.