Abb Takk News

LHC Grants Bail To PTI Leader Aleem Khan In Assets Case

LAHORE: Lahore High Court (LHC) on Wednesday granted bail to Pakistan Tehreek-e-Insaf (PTI) leader Aleem Khan in assets beyond means case.

The decision was announced by a two-judge LHC bench headed by Justice Ali Baqar Najfani.

As the hearing went underway, the court quizzed National Accountability (NAB) prosecutor regarding progress into case’s probe.

He responded that Aleem Khan had done illegal transaction abroad, adding that the former Punjab minister for local government had bought property worth Rs50 crores abroad.

Prosecutor added that after purchasing the property, the accused politician claimed that he won a prize bond of more than Rs1.5 crore which helped him to buy a house.

“Aleem Khan’s accountant also, in his statement, told us that the money was shifted abroad through Hundi”, he added.

On this occasion, Aleem Khan’s counsel asserted that the assets his client made abroad were formally declared including the transactions which the prosecutor mentioned before the court.

After hearing arguments of both parties, the court granted bail to Aleem Khan and ordered him to submit two surety bonds amount Rs1 million each.

NAB Arrest Aleem Khan

In February, the Accountability watchdogs arrested minister at the time, Aleem Khan, after he was unable to satisfy NAB Lahore.

The minister had appeared before the NAB after he was summoned in the offshore companies cases.

In what was his fourth summoning before NAB, Aleem Khan was unable to bring along the asked documents of Financial Monitoring Unit (FMU), Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR).

Although, NAB had previously notified him to appear before them with the important documents.

Moreover, when asked regarding the transaction of Rs900 million in his companies; FZC and ANA, the Provincial Minister of Punjab was unable to provide an overwhelming response, consequently not being able to satisfy the NAB officials.

Nonetheless, soon after the arrest of Punjab’s Minister Aleem Khan, he forwarded his resignation to Chief Minister of the province, Usman Buzdar.