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Verdict pending: Court docket weighs in on Zardari’s request in Park Lane case

ISLAMABAD: An accountability court docket in Islamabad Wednesday reserved its choice on a petition filed by former president Asif Ali Zardari within the Park Lane reference.

Zardari’s legal professional argued that the Islamabad Excessive Court docket’s choice on the Adam Amin Chaudhry case — {that a} reference couldn’t be taken again — was not relevant to this case.

NAB prosecutor Usman Masood opposed the acquittal plea and famous {that a} mortgage value Rs1.5 billion had been taken from a financial institution and transferred to the non-public checking account of an organization in reference to the case.

The court docket will now determine on the jurisdiction of the Park Lane reference and the destiny of Zardari, his sister Faryal Talpur, and the opposite accused who’re charged with corruption and monetary misappropriation.

An offshoot of the pretend financial institution accounts case, the reference accuses Zardari of being concerned “in extending a mortgage and its misappropriation by M/s Parthenon (Pvt.) Restricted, M/s Park Lane Property (Pvt.) Restricted and others”.

The reference alleges that Iqbal, former member of CDA board Abdul Aziz Qureshi, director common Ghulam Sarwar Sandhu, former director Mehboob Ali Khan and Waqar Ali Khan triggered a lack of Rs71 million to the nationwide exchequer.

As many as 11 folks have been accused of allotting plots in violation of guidelines and procedures.

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