The court has adjourned the hearing until July 14 after the counsel of Asif Ali Zafari said that he needed more time to prepare his arguments in the case.
Advocate Farooq H Naek, the counsel of Asif Ali Zardari, appeared before the court and argued that indictment should be stopped as the proceedings against Zardari legally were not justified. He also told the court that the case was of deliberate loan fraud and State Bank of Pakistan (SBP) should take action.
He further told the court that loan defaulting was a matter concerning the State Bank of Pakistan. The counsel argued that the State Bank governor approved a reference against them and a notice was issued if any person was found involved in defaults on loan.
At this, the accountability court issued notice to NAB on the plea filed by Asif Ali Zardari, to which the NAB prosecutor said that they had received the notice and they were ready to give reply today and urged court to indict all the accused including Asif Zardari.
However, Asif Zardari’s lawyer pleaded the court for more time to prepare his arguments. At this, the judge postponed the indictment of all the accused including former president Asif Zardari and putt off the hearing till July 14.
The reference nominated Asif Ali Zardari and 17 others.
According to NAB, Asif Ali Zardari was allegedly for running a fake front company by the name of Parathon as a shareholder in Park Lane properties. A loan worth Rs 1.5 billion was taken out from the bank and transferred to the company account in a private bank.