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January 18, 2011

Maalick bail plea rejected

Top Story

S
Sabah
January 18, 2011

LAHORE
A BANKING court on Monday rejected the bail application of Muhammad Maalick, manager of a company owned by Moonis Elahi, and a co-accused in NICL Rs2.75 billion scam.
The counsel for Maalick had submitted his bail application before the court, contending that his client had been nominated in the case on the false basis.
Meanwhile, a judicial magistrate has extended judicial remand of the accused and sent him to jail for 14 days further.
As per details, the FIA had arrested Maalick in connection with NICL Rs 2.75 billion scam. He had allegedly helped accomplices of Mohsin Warraich, one of the main accused in the scam and son of Habibullah Warraich, in opening two bank accounts in Lahore and Mandi Bahauddin. An amount of Rs 220 million was allegedly deposited in the accounts and Mr Warraich had withdrawn the amount before fleeing to the UK.
The FIA Lahore had registered two cases in connection with the scam and arrested 11 people, including former NICL chairman Ayaz Khan Niazi, former minister Habibullah Warraich, Akram Warraich, M. Zahoor, Naveed Hassan Zaidi, Syed Hur Riahi Gardezi, Zahid Hussain, Ali Ather Naqvi, Ijaz Ahmed Naqvi, Imran Saddique and Ayub Saddiq under sections 409, 420, 468, 471, 109 of the Pakistan Penal Code and Section 5 of the Prevention of Corruption Act, 1947.
Three other accused, Mohsin Habib Warraich, Amin Qasim Dada and Javed Syed are still at large. The FIA has got red warrants issued for Mohsin and requested the UK authorities for his extradition.

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