| Case ID |
ecc4b6a9-a1ed-4644-b83d-1af4d9400d75 |
| Body |
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| Case Number |
Writ Petitions Nos. 21111, 22063 and 24320 of 2014 |
| Decision Date |
Mar 03, 2015 |
| Hearing Date |
|
| Decision |
The Lahore High Court granted bail to the petitioners, asserting that the case required further inquiry. The court highlighted that the evidence presented did not sufficiently establish malice or direct involvement in facilitating the alleged loan fraud. The court noted that the evaluation reports were prepared without formal requests from the bank, and there was no clear indication that the petitioners had acted with the intent to deceive or facilitate wrongdoing. The petitioners were admitted to bail on the condition of furnishing surety bonds and surrendering their passports until the conclusion of the pending reference against them. |
| Summary |
In the case of Writ Petitions Nos. 21111, 22063, and 24320 of 2014, the Lahore High Court addressed allegations against private evaluators and a bank regional head, accused of facilitating a loan fraud involving bogus property evaluations. The court evaluated the claims made by the National Accountability Bureau, which asserted that the petitioners had assisted the principal accused in obtaining a loan through falsified evaluation reports. The petitioners argued that the evaluations were conducted at the behest of a company and were not intended for loan facilitation. After considering the lack of direct evidence linking the petitioners to any wrongdoing, the court ruled in favor of the petitioners, granting them bail. This case underscores critical issues related to the accountability of financial institutions and the responsibilities of evaluators in loan processes, highlighting the need for thorough investigation and due process in financial fraud allegations. |
| Court |
Lahore High Court
|
| Entities Involved |
National Accountability Bureau,
Haris Steel Industry (Pvt.) Ltd.,
Prime Bank (now Faisal Bank)
|
| Judges |
MEHMOOD MAQBOOL BAJWA,
ZAFARULLAH KHAN KHAKWANI
|
| Lawyers |
Qazi Misbah-ul-Hassan,
Shahid Bashir Panno,
Syed Faisal Raza Bukhari,
Mian Nadeem Ahmad
|
| Petitioners |
HASIB AHMAD RASHID,
Muhammad Shafiq,
Anwar-ul-Islam Qureshi
|
| Respondents |
4 others,
NATIONAL ACCOUNTABILITY BUREAU through Chairman
|
| Citations |
2015 SLD 2367,
2015 PCRLJ 979
|
| Other Citations |
Not available
|
| Laws Involved |
National Accountability Ordinance, 1999,
Constitution of Pakistan
|
| Sections |
9(a),
Art. 199
|