Lahore court approves bail of Hamza Shahbaz in money laundering case

In a money laundering case, the Lahore High Court (LHC) granted bail on Wednesday to the Leader of the Opposition in the Punjab Assembly and PML-N leader Hamza Shahbaz.

In the money laundering case, a two-member LHC bench comprised of Justice Sardar Muhammad Sarfraz Dogar and Justice Asjad Javed Ghural heard Hamza’s bail plea.

The bench ordered the release from the Kot Lakhpat Jail in Lahore of the PML-N leader.

On behalf of the National Accountability Bureau, Special Prosecutor Syed Faisal Raza Bukhari appeared, while Azam Nazir Tarar and Amjad Pervez arrived on behalf of Hamza.

The court granted bail to Hamza after hearing the claims of both parties and ordered him to send two collateral bonds of Rs10 million each.

After the LHC denied his temporary bail in the Ramzan Sugar Mills and money laundering cases, NAB arrested Hamza on June 11, 2019.

As per the Transparency Regulator, from 2006 to 2009, the PML-N chief founded five companies and did business in excess of Rs19 billion.

Hamza and his father, Shehbaz Sharif, were implicated in a money laundering case by an accountability court on November 11, 2020.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker