LAHORE: The Lahore High Court (LHC) on Wednesday granted bail to Pakistan Tehreek-e-Insaf (PTI) leader and former provincial minister Aleem Khan in an assets beyond means and offshore companies case.
A two-judge bench, headed by Justice Ali Baqar Najafi, approved the bail of the PTI leader.
The National Accountability Bureau (NAB) had taken the former Punjab senior minister into custody on Feb 7 after he reportedly failed to satisfy the bureau’s officials about sources of his income in connection with his offshore companies.
According to NAB, Aleem being the Secretary of Parkview Cooperative Housing Society, Member of the Provincial Assembly of Punjab and Minister for Information Technology held public office and during the period was involved in acts of corruption and corrupt practices by way of accumulating assets beyond known sources of income within Pakistan and outside.
Furthermore, the bureau said, the accused established multiple companies with the purpose of real estate business and invested millions of rupees.
He has been accused of buying more than 900 kanal land in different villages of Lahore in the name of his company M/s A&A Pvt. Ltd. and also paid advances for additional 600 kanal land for which he could not account for the sources of the investments.
In year 2005 and 2006, apart from inland assets, he established offshore companies in the United Arab Emirates (UAE) and the United Kingdom (UK) with these companies acquiring assets of extensive value which are beyond known sources of income of the accused.
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