LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Asif on Saturday approached the Lahore High Court (LHC) to seek post-arrest bail in cases pertaining to assets beyond means and money laundering against him.
The National Accountability Bureau (NAB) had arrested Asif in December from outside the Islamabad residence of another PML-N leader, Ahsan Iqbal, on charges of being in possession of wealth beyond his declared sources of income.
The former minister contended during his 22-day physical remand with the NAB that he was not confronted with any “direct or circumstantial evidence that would construct the case”.
“The application, under section 24(d) of National Accountability Ordinance, 1999, filed by respondent Assistant Director NAB Mohammad Ikram, for seeking physical remand of the petitioner did not disclose any incriminating material supporting the alleged commission of the crime under section 9(a)(v) of NAO,” the petition read.
“Mere ownership of property/assets did not constitute an offense under section 9(a)(v). It is the failure to explain the source of funds that points towards the commission of the offense. The inquiry is being conducted on conjectures and surmises with a view to rope the petitioner into baseless and unfounded allegations.
“In the absence of any plausible reason to reject the detailed explanation offered by the petitioner regarding his ownership of assets and source of income, this case is one of further inquiry and post-arrest bail should be granted.”
Asif said he had provided the agency with an explanation of the various sources of wealth, explaining the acquisition of the assets he owns.
“Rejection of the explanation, without any reasonable ground, is itself evidence of the arbitrary exercise of power on part of respondents hence justifying interference by the court and grant of post-arrest bail,” he said.
The request nominated the anti-corruption agency and its director general as respondents.
THE CASE:
According to the charge sheet against Asif, NAB was carrying out investigations against him under Clause 4 of the NAB Ordinance, 1999 and Section 3 of the Anti-Money Laundering Act, 2010.
“Before assuming the public office in 1991, the total worth of Khawaja Asif’s assets was Rs5.1 million which increased to Rs221m in 2018 after serving on different posts that do not match with his known sources of income,” said the statement.
“Accused Khawaja Asif claimed to have received Rs130 million from a UAE firm M/s IMECO, but during the course of the investigation, he failed to present any solid evidence of receiving this amount as a salary,” it said. “This clearly shows that the accused tried to prove his income through fake sources.”
Moreover, NAB alleges that Asif was also running a company, Tariq Mir and Company — registered in the name of his staffer — through his frontmen. It said that an amount of Rs400 million was deposited in the account of Tariq Mir and no sources of this huge amount were disclosed.
