NAB closes 20-year-old bank default inquiry against Chaudhry brothers
LAHORE (92 News) – The National Accountability Bureau (NAB) has closed the 20-year-old bank default inquiry against Pakistan Muslim League-Q President Chaudhry Shujaat Hussain and Punjab Assembly Speaker Chaudhry Parvez Elahi.
According to the details garnered, the bureau submitted report of closure of the inquiry in Lahore High Court (LHC). The NAB's counsel told the court that inquiry has been closed because of lack of evidence.
The report states that the allegations leveled against the Chaudhry brothers for obtaining loans do not apply to them.
In May this year, the Chaudhry brothers approached the LHC against the NAB investigations against them.
Chaudhry brothers through different petitions filed in the court, submitted that the Bureau had launched investigations against them on the charges of misuse of authority, willful default, and assets beyond means in 2000 and failed to find an iota of evidence against them during the past 19 years.
They submitted that it was learnt that the investigation officer and regional board had recommended closure of the investigation in 2017-2018 but it was not closed.
They further submitted that the NAB chairman had on February 14, 2019, ordered bifurcation and reinvestigation of matter. They contended that the investigations and subsequent proceedings were illegal, and pleaded with the court to set aside them.