‘IHC says’-white collar crimes not easy to deduct, trace

Islamabad: Islamabad High Court (IHC) in a written order said that white-collar crimes are “not easy to deduct and trace”.

Justice Aamer Farooq and Justice Mohsin Akhtar Kayani, who announced verdict, in their written order issued on Tuesday said that white-collar crimes “cannot be equated with other general offences”.

Therefore, National Accountability Bureau (NAB) required custody of former President, Asif Ali Zardari and his sister, Faryal Talpur.

The order also stated, “No mala fide or ulterior motives” were found on NAB’s part “which is core principle for grant or refusal of bail before arrest”.

Last week, IHC had dismissed applications for a pre-arrest bail by Zardari and Talpur in fake accounts reference.

Following dismissal, Zardari was arrested by a 15-member NAB team while his sister, Talpur, was taken into custody on June 14.

Both Pakistan Peoples Party leaders are in NAB custody on remand.

According to order, legal counsel for petitioners had argued that since a reference had been filed, NAB Chairman Justice (retd), Javed Iqbal had “no lawful authority” to execute arrest warrants.

The IHC order noted that furnishing of bonds does not bar NAB from making an arrest regarding an investigation in case.

According to order, argument that accountability bureau chairman did not have authority or jurisdiction in matter was “without substance”.

The order stated that under Section 24(a) read with Section 24(c) of National Accountability Ordinance (NAO) 1999, chairman could issue arrest warrants even after a reference was filed.

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