SHC allows NAB to continue inquiry against Ali Jahangir Siddiqui
KARACHI (92 News) – The Sindh High Court (SHC) on Friday rejected a petition of former Pakistani ambassador in US Ali Jahangir Siddiqui, against transfer of National Accountability Bureau (NAB) inquiry against him to Lahore.
A bench of the SHC directed Ali Jahangir Siddiqui to cooperate with the accountability watchdog and allowed the NAB to continue its inquiry against Siddiqui.
Meanwhile, the SHC granted eight days’ to the former Pakistani ambassador US to get protective bail and directed him to go to the concerned court for bail.
In an earlier hearing the counsel of the former ambassador, said that the NAB have no jurisdiction to investigate any issue related to stocks.
The NAB counsel contended that the accused inflicted a loss of Rs40 billion to government entities by selling shares on inflated rates. He sold shares through Azgard Nine company, the NAB lawyer argued.
ALi Jahangir was earlier, summoned by the accountability watchdog to defend the alleged role of his company M/s Azgard Nine Limited (ANL) in the manipulation of shares that caused billions of rupees losses to the national exchequer.
NAB summons Ali Jahangir Siddiqui in Rs 40b scam
Earlier, the NAB summoned Pakistan’s Ambassador-designate to the US Ali Jahangir Siddiqui in an inquiry pertaining to Rs40 billion corruption.
On March 22, the anti-graft watchdog’s Lahore chapter had launched an investigation against Pakistan’s newly appointed ambassador to the US Ali Jahangir Siddiqui and summoned him but he didn’t show up.
The NAB said that Ali was handed over a 2-page questionnaire which has also not been submitted.
The newly appointed ambassador has been accused of illegally transferring 23 million Euros abroad to purchase an Italian company and his involvement in a corruption scandal worth Rs40 billion.
The Bureau is likely to include his name in the Exit Control List (ECL).
Siddiqui is to assume his new responsibilities as Pakistan’s ambassador in Washington next month.
He had been working as Special Adviser to the Prime Minister for the last six months.