Bail plea of former ETPB chairman Asif Hashmi approved

ISLAMABAD (92 News) – The Supreme Court (SC) on Thursday granted bail to former Evacuee Trust Property Board (ETPB) chairman Asif Hashmi in the case related to the financial irregularities. The apex court heard the bail plea of Asif Hashmi, who was facing charges of misusing his authority for recruitments and misappropriation of funds during the last Pakistan People’s Party (PPP) tenure. The hearing was conducted by a three-member bench of the apex court headed by Justice Maqsoob Baqar. The top court approved his bail plea and asked Hashmi to submit Rs500,000 surety bonds. Earlier, Asif Hashmi has been arrested in Dubai. Sources said that Asif Hashmi has been arrested through the Interpol. Asif Hashmi faces the charge of causing a huge loss to the national exchequer through the misuse of powers.

Case History:

Asif Hashmi had served as chairman of Evacuee Trust Property Board (ETPB) between 2007 and 2013. Hashmi had been arrested on March 20 – 2018 after arriving back from Dubai on February 10 – 2018 to face cases charging him for allegedly misusing his conferred authority for illegal recruitments in educational institutions of the board and misappropriation of funds by investment with a private company. On March 18, he had been granted post-arrest bail by the Lahore High Court (LHC), in a case relating to financial irregularities but denied him bail in another reference pertains to the illegal appointments.