Inside Financial Markets

BOP case hearing delayed for 2 week

bopCase hearing of BOP 9bn scam is delayed for two week

The Supreme Court (SC) on Wednesday directed the National Accountability Bureau (NAB) to provide complete details of Bank of Punjab cases pending in the Accountability Courts. A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry and comprised Justice Tariq Pervez and Justice Amir Hani Muslim directed while hearing of Rs 9 billion Bank of Punjab (BoP) scam case.

The Chief Justice ordered deputy prosecutor general NAB Raja Amir to provide details of how many cases were pending in the Accountability Courts, how many people have been granted bail in the case, how much money has been recovered and how much money the salvage committee has recovered and how many people got concession in the case.

Abbas told the bench that in the whole BoP scam Haris Steel Mills was the only one chapter. He said: “We are unable to do anything as there is no chairman and prosecutor general in the NAB.” Counsel for the Bank of Punjab Khawaja Haris told the court that on the order of the SC to probe the BoP scam Additional Inspector General Punjab Police Aftab Sultan prepared the inquiry report. He added that has exonerated Senator Wasim Sajjad, Ali Wasim Sajjad and Syed Sharifuddin Pirzada but found enough evidences against Babar Awan and Malik Muhammad Qayyum for taking huge fee other than professional fee.

CJP asked the counsel; “If a lawyer takes fee, can he be questioned?” Khawaja Haris contended that the two lawyers have taken fee other than professional fee. The CJP advised him avoid taking name of the lawyers in this case, as the lawyers were respected people.

today is the case hearing delayed for two more weak

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)