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IHC grants Imran Khan bail in 190m pounds Reference

By News Desk

May 15, 2024 04:39 PM


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Islamabad High Court Wednesday granted incarcerated Pakistan Tehreek-e-Insaf’s founder and former prime minister Imran Khan in 190 million pounds Reference, reported 24NewsHd TV channel.

A two-member bench of IHC headed by IHC Chief Justice Amir Farooq and Justice Tariq Mahmood Changhezi announced the verdict that they reserved after yesterday’s hearing.

The court has ordered Khan to submit Rs one million surety bonds for the bail.

Khan will not be released from prison as he is still serving out his sentences in the cipher case, two separate Toshakhana cases and the iddat case.

The court announced the short verdict in an open court verbally, however, the detailed order will be issued later.

Khan, the deposed premier who was ousted from power via the opposition's no-confidence motion in April 2022, has been facing a slew of charges ranging from corruption to terrorism since his removal as the premier.

He has been behind bars since August last year after he was sentenced in the Toshakhana case and subsequently convicted in other cases as well including cipher and illegal marriage cases.

The PTI chairman is facing corruption charges of billions of rupees in a case also involving a property tycoon.

Khan — along with his wife Bushra Bibi and other PTI leaders — are facing a NAB inquiry related to a settlement between the PTI government and the property tycoon, which reportedly caused a loss of £190 million to the national exchequer.

As per the charges, Khan and other accused allegedly adjusted Rs50 billion — £190 million at the time — sent by Britain’s National Crime Agency (NCA) to the Pakistani government as part of the agreement with the property tycoon.

They are also accused of getting undue benefit in the form of over 458 kanals of land at Mouza Bakrala, Sohawa, to establish Al Qadir University.

During the PTI government, the NCA seized assets worth 190 million pounds from the property tycoon in Britain.

The agency said the assets would be passed to the government of Pakistan and the settlement with the Pakistani property tycoon was “a civil matter, and does not represent a finding of guilt”.

Subsequently, then-prime minister Khan got approval for the settlement with the UK crime agency from his cabinet on December 3, 2019, without disclosing the details of the confidential agreement.

It was decided that the money would be submitted to the Supreme Court on behalf of the tycoon.

Subsequently, the Al-Qadir Trust was established in Islamabad a few weeks after the PTI-led government approved the agreement with the property tycoon.

Zulfi Bukhari, Babar Awan, Bushra Bibi, and her close friend Farah Khan were appointed as members of the trust.

Two to three months after the cabinet’s approval, the property tycoon transferred 458 canals of land to Bukhari, a close aide of the PTI chief, which he later transferred to the trust.

Later, Bukhari and Awan opted out as the trustees. That trust is now registered in the name of Khan, Bushra Bibi and Farah.

NAB officials were earlier probing the alleged misuse of powers in the process of recovery of “dirty money” received from the UK crime agency.

 


News Desk


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