Islamabad: The Islamabad High Court (IHC) on Tuesday reserved its verdict on Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan’s petition seeking bail in the £190 million National Crime Agency (NCA) settlement reference.
A two-member bench, comprising IHC CJ Aamer Farooq, Justice Tariq Mehmood Jahangiri, reserved the verdict after the completion of arguments.
The National Accountability Bureau’s special prosecutor Amjad Parvez contended that the funds should have been remitted to the Government of Pakistan, as per the Supreme Court’s ruling declaring the money state property.
The £190 million settlement case involves corruption charges against Khan, his wife Bushra Bibi, and other PTI leaders, linked to a settlement with a property tycoon reportedly causing substantial losses to the national treasury.
Allegations suggest the defendants facilitated the transfer of £190 million to the property tycoon, securing land for an educational institute in exchange.
As investigations unfold, NAB officials have intensified scrutiny, converting inquiries into full-fledged investigations, citing compelling evidence of impropriety in the recovery process of funds from the UK crime agency.