The Supreme Court on Wednesday suspended the sentences of former SCregistrar Amin Farooqui and Javed Iqbal Bangash in the NAB references.
Former SC registrar Amin Farooqui deposited Rs590 million in the IslamicInvestment Bank on profit in 2005. But later the bank was closed down andthe NAB filed references against four accused after the deposited moneywent down with the bank.
A three-judge SC bench headed by Justice Ijazul Ahsan heard ex-registrarAmin Farooqui and Javed Iqbal Bangash’s appeals against their sentences inthe NAB references.
Farooqui’s lawyer Khawaja Haris told the court that his client hadcompleted eight years of sentence. And as per the law, if a convictcompletes more than half of his sentence, his remaining sentence could besuspended, he added.
The lawyer said that there was no proof that Farooqui got direct benefit inthe case. He said his client permitted to deposit the money in the IslamicInvestment Bank after receiving a note from the cashier.
Justice Munib Akhtar remarked if the former registrar wanted, he could havereturned the cashier’s note. It is also a crime, if one does not use one’sauthority, the judge added.
Justice Ahsan observed that usually a cashier does not send a note directlyto the registrar.
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Lawyer Haris contested that the procedural mistakes could not be regardedas a crime.
Justice Ahsan remarked that usually a comparison of banks was made beforedepositing money but in this case, no comparison had been made. He inquiredif there were proofs at that time that everybody knew that the Islamic Bankwas getting down.
Justice Akhtar remarked that the court had ordered to save the money but itdid not order to deposit it for profit.
After that, the court adjourned the case till indefinite time.
