Khawaja Asif Secures Bail In Assets Beyond Means Case


Khawaja Asif secures bail in assets beyond means case

A LHC division bench led by Justice Aalia Neelum has granted bail to PML-N senior leader Khwaja Asif in money laundering and assets beyond means case.

LAHORE: (UrduPoint/Pakistan Point News-June 23rd, 2021) PML-N senor leader and MNA Khawaja Asif has secured bail in assets beyond means case.

A LHC division bench led by Justice Aalia Neelum and comprising Justice Shehbaz Rizvi has granted bail to Khawaja Asif in the case.

Khawaja Asif had filed the petition, stating that the bureau had launched investigations against him on charges of assets beyond means and money laundering. He submitted that all allegations were baseless. He pleaded with the court for grant of post-arrest bail.

It is pertinent to mention here that the NAB had launched investigations against the PML-N leader under Clause 4 of NAB Ordinance 1999 and section 3 of Anti-money Laundering Act. It alleged that assets of Khawaja Asif increased substantially which did not correspond to his income. The bureau also stated that Khawaja Asif claimed to receive Rs 130 million from a UAE firm but he failed to present solid evidence in investigations. The bureau also alleged that Khawaja Asif was running a 'benami' company.

Fida Hussnain

Fida Hussnain is a lahore based journalist. He writes on politics, religion, social issues and climate change. He is also a research fellow at University of Gujrat.