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LHC Issues Detailed Verdict Of Khwaja Asif Bail Petition

LAHORE: The Lahore High Court (LHC) issued its judgement on the bail application of PML-N leader Khawaja Asif on Wednesday.

Two weeks ago, the LHC had granted bail to the PML-N leader in a case against him filed by NAB which accuses him of money laundering and owning assets beyond known sources of income.

On Wednesday, a two-member bench of the LHC comprising Justice Aalia Neelam passed the 18-page judgment.

The court’s decision read that the investigating officer’s report reveals that investigation against Asif is ongoing. The NAB prosecutor said that the reference against Khawaja Asif should be sent to the NAB chairperson, the judgment said.

The 18-page judgment said that the allegation of assets in excess of income against Asif is under investigation. No reference has been filed against the PML-N leader to date.

According to the decision, a representative of UAE-based International Mechanical and Electrical Company (IMECO) wanted to come to Pakistan. The investigating officer did not include the representative of the Dubai company in the investigation, the judgement read, adding that Asif has declared his overseas income in his income tax returns.

The court ruled that it was a recognised fact that Khawaja Asif did not harm the national exchequer.

NAB’s investigating officer did not verify Asif’s overseas money from 2004 to 2008 with the embassy, the court said.

Details of Asif’s income have been included in the written statements of the LHC.Asif was arrested on December 29, 2020. He filed a bail application on