KARACHI, Dec 3: The Federal Anti-corruption Court here on Saturday granted bail to former National Insurance Company Ltd (NICL) chairman Ayaz Niazi in a case pertaining to the purchase of property in Dubai.
The court allowed him bail against a surety of Rs5 million in the alleged embezzlement case.
The former NICL chief is accused of having purchased the property at an exorbitantly high rate.
The co-accused in the case are already on bail.—APP
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