SC rejects bail plea of B4U’s chief officer

Published September 23, 2021
A file photo of the Supreme Court of Pakistan. — AFP/File
A file photo of the Supreme Court of Pakistan. — AFP/File

ISLAMABAD: The Sup­reme Court on Wednesday rejected an interim bail plea of B4U Chief Executive Officer Saifur Rehman, who is accused of cheating public at large in a multi-billion-rupee scam.

Police arrested Saifur Rehman as soon as he stepped out of the court premises following the dismissal of his bail plea.

A three-member SC bench headed by Justice Umar Ata Bandial heard the case and announced a short order after hearing arguments of Barrister Latif Khosa, the counsel for the accused, and the NAB prosecutor.

Mr Khosa said the National Accountability Bureau did not have the jurisdiction to probe this matter as the Securities and Exchange Commission of Pakistan (SECP) regulated investment firms.

He said his client was cooperating in investigation against him.

Justice Mansoor Ali Shah noted that the SECP had forwarded a reference to NAB for investigation.

Justice Bandial observed that the bureau wanted to investigate the alleged scam involving billions of rupees.

In reply to a question whether Saifur Rehman was involved in crypto currency business, the NAB prosecutor said that no evidence had been found in this regard.

Meanwhile, Justice Syed Mansoor Ali Shah of the Supreme Court recused himself from hearing a review petition about the appointment of former managing director of Pakistan Television Ataul Haq Qasmi.

A three-member SC bench headed by Justice Umar Ata Bandial heard the review petition.

During the course of proceedings, Advocate Akram Sheikh, representing the petitioner, said the court did not allow the petitioner to change the counsel at the previous hearing.

Published in Dawn, September 23rd, 2021

Opinion

Editorial

Course correction
Updated 24 Feb, 2024

Course correction

PTI should not abandon its power and responsibility while expecting an external stakeholder to set things right.
The plot thickens
Updated 24 Feb, 2024

The plot thickens

THE recent explosive allegations by Liaquat Ali Chattha, the former commissioner of Rawalpindi, have thrust the...
Trigger-happy police
24 Feb, 2024

Trigger-happy police

ARE the citizens of Karachi becoming fair game again? There were some grisly signs of a rapid return to living...
What next for PTI?
Updated 23 Feb, 2024

What next for PTI?

THE incoming government has been carved up. With the major offices apportioned between the PML-N and PPP, the...
Tackling debt
23 Feb, 2024

Tackling debt

MANY would tend to describe a new report warning that the country is headed for “inevitable default”, which will...
Imprisoned abroad
23 Feb, 2024

Imprisoned abroad

THE issue of Pakistani prisoners imprisoned in foreign jails crops up regularly, particularly during parliamentary...