Qaisar Amin Butt granted bail in Paragon housing scam
LAHORE (92 News) – The Lahore High Court (LHC) granted bail to Qaisar Amin Butt in the Paragon Housing Scheme scandal on Wednesday.
The two-member bench headed by Justice Malik Shahzad heard the case. The court ordered to release him on furnishing surety bonds worth Rs one million.
His lawyer contended that Qaisar Amin Butt had become an approver and recorded his statement. He added that the NAB chief had also pardoned him. The NAB prosecutor said that they had no objection to the bail of Qaisar Amin Butt.
According to NAB, Qaisar Amin Butt in connivance with Nadeem Zia and others had launched an illegal housing scheme – Paragon City (Pvt) Ltd – in 2005 on the basis of forged and fabricated documents along with alleged approval from Aziz Bhatti Town TMA.