Prohibited financing case: IHC refers the case to the banking court

ISLAMABAD (Dunya News) – The Islamabad High Court (IHC) has referred the prohibited finance case filed against Pakistan Tehreek-e-Insaf (PTI) President Imran Khan and PTI leaders to the Banking Court .

The IHC resumed hearing on Thursday in the case of the party allegedly receiving banned funding against Imran Khan and other PTI leaders including Tariq Shafi and Faisal Maqbool.

During the hearing, the court remarked that the said matter would be heard by the banking court and further ordered that Tariq Shafi and Faisal Maqbool join the investigation within five days.

“The accused should be investigated and sent to the Banking Court,” IHC said.

Earlier, a court on Monday approved the interim release of PTI Chairman Imran Khan in a funding case banned until October 31.

Central Special Judge Asif Mahmood ordered former Prime Minister Imran Khan to post bail of 100,000 rupees. The court also issued an opinion to the Federal Investigation Agency (FIA) regarding Imran Khan’s plea.

The case:

The FIA’s Corporate Banking Circle had lodged a complaint against 11 people, including the former prime minister, for prohibited funding.

The Islamabad High Court (IHC) had granted protection bail to Imran Khan till October 18 against bails of 5,000 rupees.

According to the First Information Report (FIR) filed against the President of the PTI, the accused named in the FIR violated the Foreign Exchange Act. Sardar Azhar Tariq, Saifullah Niazi, Syed Younas, Amir Kiyani, Tariq Sheikh and Tariq Shafi were nominated in the FIR.

FIR said the defendants are the beneficiaries of the private bank account, while PTI had an account at the local bank and the manager of the private bank was also named in the case.

According to the text of the FIR, a bank account was created in the name of Naya Pakistan, the bank manager authorized the operation of the illegal bank account and the $2.1 million was deposited by the Abraaj group of companies in the bank.

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