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SHC approves protective bail of FBR Member in money laundering scam

SHC approves protective bail of FBR Member in money laundering scam

KARACHI: The Sindh High Court (SHC) granted protective bail to senior member Federal Board of Revenue Muhammad Hussain Syed and directed him to surrender himself before Rawalpindi NAB Court in mega money laundering and fake bank accounts scam.

On April 24, 2019, a two-member bench, headed by Chief Justice Ahmed Ali M Shaikh was hearing the protective bail.

During the hearing, counsel for former administrator of Karachi argued that his client is ready to surrender before concerned court, however, he has apprehension of arrest, and therefore, court may grant his protective bail.

After the hearing, court granted him bail against the surety of Rs200,000 and directed him to surrender himself before concerned court within 10 days and protective bail will be automatically expired after 10 days.

It needs to be mentioned here that fake accounts case is pending before Rawalpindi NAB Court in which former president Asif Ali Zardari, his sister Faryal Talpur and others are facing trial.

According to the NAB call up notice, as former Muhammad Hussain Syed allotted a plot to someone and amount of said plot was transferred from fake account for purpose of money laundering. On last date of hearing, Muhammad Hussain Syed had appeared before the court for pre-arrest bail in which court granted for 10 days.