Punjab Bank scam: LHC dismisses bail application
The division bench headed by Justice Mirza Viqas Rauf heard the application.
Earlier, petitioner's counsel submitted that the accused and his father had already paid Punjab Bank scam amount to National Accountability Bureau (NAB) through a plea bargain.
READ MORE: Lahore High Court moved against Imran Khan
But, the NAB had arrested the accused, he said and pleaded the court to grant benefit of the bail to the accused.
However, NAB's prosecutor Rana Arif opposed the request and submitted that the accused illegally sold property situated in Dubai already surrendered to NAB in Sheikh Afzal's Case (Bank of Punjab Scam).
He submitted that the property, situated in Dubai's affluent Emirates Hill neighbourhood, had been frozen along with other assets belonging to the accused after they failed to return a loan obtained from the BoP.