ISLAMABAD (9 News) – The noose tightened around former president Asif Ali Zardari as former Security Exchange Commission of Pakistan (SECP) executive director Javed Hussain has become approver against him in the Park Lane reference.
The SECP’s former director, close aide of Asif Ali Zardari, is ready to become approver against him in the Park Lane reference. Javed Hussain was presented before accountability court by the national Accoutnability Bureau (NAB) after expiry of his physical remand.
During the hearing, the NAB prosecutor pleaded from court to extend Javed’s physical remand for carrying out further investigation. To which, the court asked about the number of days the suspect had been under NAB custody. The court was told that it had been 49 days.
Meanwhile, the court rejected NAB’s request and sent Javed t jail on the judicial remand.
In te previous hearing, the court approved Javed Hussain’s 11-day physical remand and handed him over to the NAB in Park Lane reference.
Earlier, the NAB arrested Javed Hussain in the Park Lane reference. The NAB Rawalpindi arrested Javed Hussain after conducting raid in Islamabad.
The anti-graft watchdog alleged the accused that he concealed Pakistan Peoples’ Party (PPP) co-chairman Asif Ali Zardari’s ownership of the company while holding the president’s office at the time. The NAB maintained that Javed Hussain accepted Zardari’s resignation in previous date.
Earlier July 19, another trouble for former president Asif Ali Zardari as the corruption watchdog body has filed Park Lane reference against him.
According to the reports, Asif Ali Zardarim Abdul Ghani Majeed, Hussain Lawai including 17 accused were nominated in the reference. The reference alleged that the accused took out Rs1.5 billion loan from the bank through illegal way and transferred to the company account in a private bank.
It also alleged that he had forged documents to comply with the loan policy and coaxed the National Bank into loan approval.
The accountability court registrar started to audit the submitted reference by the NAB. It is noteworthy that the PPP leader is already in the custody of the NAB in the Park Lane case.
During the executive board meeting of the bureau, the NAB chief had consented to file the reference, against the Pakistan People’s Party co-chairman, which incurred the loss of Rs 3.77 billion to the national exchequer.