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LHC to take up Maryam Nawaz’s bail plea today

LHC to take up Maryam Nawaz’s bail plea today
October 1, 2019
LAHORE (92 News) – The Lahore High Court (LHC) will hear bail plea of Pakistan Muslim League-N (PML-N) vice president Maryam Nawaz in Chaudhry Sugar Mills case on Tuesday (today). A two-member bench, headed by Justice Ali Baqar Najafi, will hear the case at 12pm. Justice Sardar Raza is part of the bench too. In her bail plea, Maryam has requested the court to approve her bail in Chaudhry Sugar Mills reference. “The NAB has arrested me by violating the law as my all properties and assets are declared, she has stated in her bail plea and claimed that she is being politically victimized,” the plead states. The PML-N stalwart is currently in the jail on judicial remand in the Chaudhry Sugar Mills reference along with her cousin Yousaf Abbas. Maryam Nawaz was unable to provide the required details of foreign investment in sugar mills while she was also failed to satisfy the bureau regarding source of income for purchasing the shares. NAB has also claimed that three foreigners had transferred 11000 shares worth millions of rupees on Maryam Nawaz’s name. Earlier, accountability court had rejected NAB’s plea seeking extension in Maryam’s physical remand and sent her to jail on judicial remand till October 9. On August 8, NAB team had detained Maryam Nawaz outside the Kot Lakhpat Jail in Lahore for skipping appearance in Chaudhry Sugar Mills case due to meeting with her father and former Prime Minister Nawaz Sharif.
Chaudhry Sugar Mills case
In a press conference, Special Assistant to the Prime Minister on Accountability Shahzad Akbar had said the Sharif Family had used Chaudhry Sugar Mills for money-laundering and illegal transfer of its shares. During the probe, it was revealed that a $15 million loan was taken on the pretext to set up the mill despite the fact that it had already been established before the loan was acquired, the special assistant claimed. He had added that the loan was never transferred to Pakistan as shown by the record of the State Bank of Pakistan. He had said more than Rs7 million worth of shares were transferred to PML-N vice president Maryam Nawaz in 2008 through mill’s shares, which were later transferred to Yousaf Abbas Sharif in 2010.