Ch Sugar Mills case: LHC grants Maryam Nawaz bail
LAHORE: The Lahore High Court (LHC) on Monday granted Vice President Pakistan Muslim League-N (PML-N) Maryam Nawaz bail in Chaudhry Sugar Mills case.
Maryam Nawaz has been directed to submit two surety bonds worth Rs10 million each. The verdict was announced by a two-member bench headed by Justice Baqir Ali Najfi.
The high court has also directed the daughter of former prime minister Nawaz Sharif to submit her passport with the court otherwise she would have to submit Rs70 million extra as surety.
On Aug 8, the National Accountability Bureau (NAB) officials had taken Maryam Nawaz into custody from jail premises in Lahore. She had gone to Kot Lakhpat jail to meet her father along her cousin.
Maryam and her cousin Yousaf Abbas had been arrested in Chaudhry Suger Mills case. She had submitted a requisite questionnaire in the reference, still the officials of anti-graft watchdog reached the jail and detained her.
NAB sources had said she could not give satisfactory answers to NAB questions.
Addressing a press conference on Aug 7, Special Assistant to the Prime Minister on Accountability Shahzad Akbar had said the Sharif family had used the Chaudhry Sugar Mills for money laundering and illegal transfer of wealth.
He had said the mill’s shares were transferred to Maryam Nawaz in 2008, who then transferred about seven million rupees of them to Yousaf Abbas Sharif in 2010.
Shahzad Akbar had blamed that Yousaf Abbas transferred shares worth Rs400 million to Naseer Lootah’s bank account in the UAE in 2011 and about as much shares to Hussain Nawaz in 2013.