Lahore High Court (LHC) on Thursday has reserved verdict on petition seeking bail of Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz in Chaudhry Sugar Mills case. The decision will be announced on November 1.
During the hearing, National Accountability Bureau (NAB) prosecutor responded to the arguments recorded by defense lawyer Amjad Pervez and opposed Maryam’s bail in the case, saying that proceedings against her were launched in accordance with the law on a report submitted by the Financial Monitoring Unit in 2018.
Previously, lawyer Amjad Pervez said that money laundering case against his client is baseless and that she was made Chief Executive of Chaudhry Sugar Mills only in papers.
NAB had breached law and arrested Maryam in money laundering case despite revealing all the assets in Panama Leaks case, he added.
Earlier, NAB had submitted preliminary investigative report to the LHC stating that PML-N vice-president’s crime is not against one individual but the entire society, and she keeps on obstructing the probe against her.
“Yousaf Abbas, accused in Chaudhry Sugar Mills reference, had also tried to escape before”, read the report.
The PML-N leader owned 8,064,000 shares of Sugar Mills, while from 2008 to 2010, she became the owner of 47% shares.
Nawaz Sharif and his daughter, Maryam Nawaz, invested in Chaudhry and Shamim Sugar Mills, but both of them did not disclose their investments, the reported added.
On October 24, Maryam Nawaz had filed a plea in LHC requesting the court to release her on bail as her father was unwell and undergoing medical treatment at the hospital.
On August 8, NAB team had detained Maryam Nawaz outside the Kot Lakhpat Jail in Lahore for skipping appearance in Chaudhry Sugar Mills due to meeting with her father Nawaz Sharif.