Court grants bail to co-accused in fake bank accounts case
Amraiz Khan Lahore
A banking court on Monday granted interim bail to a co-accused in fake bank accounts case and directed FIA not to arrest him by September 25. The cases were against PML-N president Shehbaz Sharif and others.
The banking court granted interim bail to Azhar Mahmood and summoned the record from the FIA.
The accused was charged of influencing prosecution witnesses, including bank officials, into changing their statements in a money laundering case against Shehbaz Sharif and family members.
Shehbaz Sharif and his son Hamza Shahbaz Sharif are facing charges of laundering ill-gotten funds worth Rs25 billion using the Ramazan Sugar Mills and Al-Arabiya Sugar Mills.
An investigation into the money laundering charges against Shehbaz and members of his family revealed that his assets increased from Rs14.86mn to Rs7328mn in the past 20 years.
Shehbaz made properties worth Rs 619.85 million which include three homes; 96-H Model Town residence, Defence house and Doonga Gali house.
The Federal Investigation Agency (FIA) also arrested MCB vice president Asim Suri on charges of influencing witnesses in a money laundering case against PML-N president Shehbaz Sharif and others.
