LAHORE: Lahore High Court on Tuesday approved the declaration of bail of Yousuf Abbas, nephew of former Prime Minister and leader of the Pakistan-Nawaz Muslim League (PML-N) Nawaz Sharif, in the Ramzan Sugar Mills case, reported ARY NEWS.
According to the details, the court ordered the applicant to present two bail bonds worth Rs 10 million each to guarantee his bail.
Earlier in the day, the court reserved its verdict in the statement of bail filed by Yousuf Abbas after the two sides concluded their arguments.
Abbasi faces an investigation by NAB about money laundering worth Rs410 million through the Ramzan Sugar Mills mills. Yousuf Abbas’s lawyer in his arguments said they have a complete record of all transactions.
On February 6, the Lahore High Court (LHC) granted bail to the leader of the Pakistan-Nawaz Muslim League (PML-N) Hamza Shehbaz Sharif in the Ramzan Sugar Mills case.
The National Responsibility Office (NAB) had arrested the Opposition Leader at the Punjab Hamza Shehbaz Assembly last year on June 11.
The two-member LHC bank headed by Judge Mazahir Ali Naqvi resumed the hearing on bail application of PML-N leader Hamza Shehbaz in the Ramza Sugar Mills case.
As the hearing progressed, the LHC judge was disturbed by the NAB prosecutor after he did not tell the court the names of the directors working at Ramzan Sugar Mills.
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“It seems that NAB didn’t even bother to touch the Ramzan Sugar Mills case file. Can you tell us why the office withdrew its appeal against the bond of Shehbaz Sharif? He asked the NAB prosecutor.
Judge Mazahir Ali Naqvi expressed dissatisfaction with the investigation conducted by the NAB team against Hamza Shehbaz in the case.
“The NAB prosecutor and the team should be proud of their performance at the level of the investigation conducted by them,” said Judge Mazahir Ali Naqvi.