English हिन्दी
Connect with us

Latest world news

Pak accountability court issues bailable warrants against ousted PM Nawaz Sharif

Published

on

Nawaz Sharif

[vc_row][vc_column][vc_column_text]Nawaz given time till Nov 3 to appear before the court which had earlier indicted him in the Avenfield properties graft case linked with the Panama Papers leak

In yet another setback to ousted Pakistan Prime Minister Nawaz Sharif, who has been indicted in graft cases linked with the Panama Papers leak, an accountability court in Islamabad, on Thursday, issued bailable warrants against him in connection with two corruption references.

Sharif has been granted time till November 3 to present himself before the court. If the Pakistan Muslim League (Nawaz) chief fails to appear before the accountability court on the said date, non-bailable warrants may be issued against him. On earlier hearings in the case, Sharif’s legal team had claimed that he was in London to attend to his ailing wife Kulsoom Nawaz who is undergoing treatment for throat cancer. However, the former Premier and his wife are currently in Saudi Arabia, where they had arrived earlier this week and were reportedly en route to Pakistan.

As the hearing into the three corruption references against Nawaz and his family members began in the accountability court on Thursday, the former prime minister’s lead counsel Khawaja Haris pleaded before Accountability Judge Mohammad Bashir that his client should be exempted from appearing in court owing to his wife’s illness and ongoing treatment.

However, the National Accountability Bureau (NAB) prosecutor argued that Nawaz had been granted time to appear in the court on Thursday as his earlier exemption period of 15 days was now over. The NAB then pressed for warrants to be issued to Nawaz to secure his production in the court on the next date of hearing (November 3).

The warrants have been issued to Nawaz for his alleged role in the Azizia Steel Mills and Flagship Investment Limited references – both cases that were slapped against the former Prime Minister following an expose in the famous Panama Papers leak case.

Nawaz has not submitted surety bonds in the Azizia and Flagship references whereas he has submitted in the court a Rs5 million surety bond in the third reference made against him for his alleged role in the London-based Avenfield properties case, in which he was recently indicted along with his daughter Maryam and son-in-law Capt Muhammad Safdar and is awaiting trial.

Haris informed the accountability court that the former Prime Minister’s legal team has challenged Nawaz’s indictment in the references in the Islamabad High Court which is scheduled to hear the case on November 2.

Earlier, as the hearing began, Maryam Nawaz, the former Premier’s daughter who is accused in the Avenfield reference, reached the court after landing at Islamabad airport in a special plane from Lahore while her husband, Capt (retd) Safdar, arrived at the Federal Judicial Complex before her.[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1509022436289{margin-bottom: 20px !important;border-bottom-width: 20px !important;padding-top: 20px !important;padding-bottom: 20px !important;background-color: #b2b1bf !important;}”][vc_column][vc_column_text]The references against Nawaz and his family:

The NAB has in total filed three references against the Sharif family and one against Finance Minister Ishaq Dar in the accountability court, in light of the Supreme Court’s orders in the Panama Papers case verdict of July 28.

The anti-graft body was given six weeks, from the date of the apex court’s order, to file the reference in an accountability court while the accountability court was granted six months to wrap up the proceedings.

The references against Sharif and his family pertain to the Azizia Steel Mills and Hill Metals Establishment, their London properties and over a dozen offshore companies owned by the family.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Court approves Maryam, Safdar’s bail

According to a report by Pakistan’s Geo News, Maryam and Safdar – who are indicted only in the London Avenfield properties reference – have been granted bail by the accountability court on the condition of them submitting surety bonds worth Rs5 million each.

Safdar was also directed to take the court’s permission before leaving the country from now on. The judge also provided a copy of the reference — spread over 53 volumes — to Maryam and her husband.

NAB’s Rawalpindi branch prepared two references regarding the Azizia Steel Mills and Hill Metals Establishment, and the nearly dozen companies owned by the Sharif family.

Its Lahore branch prepared a reference on the Sharif family’s Avenfield apartments in London and another against Finance Minister Ishaq Dar for owning assets beyond his known sources of income.

If convicted, the accused may face up to 14 years imprisonment and lifelong disqualification from holding public office including the freezing of bank accounts and assets.[/vc_column_text][/vc_column][/vc_row]

Latest world news

Byju’s founder Byju Raveendran sentenced to six months in jail by Singapore court over asset orders

In a major setback, a Singapore court has sentenced Byju’s founder Byju Raveendran to six months in prison for contempt after he failed to comply with multiple court orders regarding his assets.

Published

on

In a massive legal blow to the founder of the failed Indian educational technology firm Think & Learn Pvt (better known as Byju’s), a Singapore court has sentenced Byju Raveendran to six months in jail for contempt of court.

The court ordered the jail term after concluding that Raveendran had deliberately disobeyed multiple judicial directives regarding his personal assets, dating as far back as April 2024.

Disobedience of asset orders leads to prison sentence

According to people familiar with the matter, the Singapore court has instructed Raveendran to immediately surrender himself to the officials. Alongside the six-month prison sentence, the Byju’s founder has been ordered to pay legal costs amounting to S$90,000 (approximately $70,500). Furthermore, he has been mandated to provide documents verifying his official legal ownership of Beeaar Investco Pte, a corporate entity that holds equity shares in a related firm.

At the time of reporting, it remains unclear whether Raveendran is currently residing in Singapore or located elsewhere, and he did not immediately respond to requests for comment.

Escalating global legal battles

This sentencing marks the latest and perhaps most severe setback for the entrepreneur, who once achieved billionaire status amid a massive wave of global capital flowing into Indian start-ups. Today, Raveendran is being rigorously pursued by foreign investors across international jurisdictions. This includes intensifying legal battles in the United States, where global lenders are actively trying to recover heavy financial losses stemming from a defaulted $1.2 billion loan.

Media reports indicate that the ongoing Singapore court proceedings represent a broadening web of legal and financial crises following the operational collapse of the once-celebrated edtech giant.

Continue Reading

Latest world news

US hits Iranian missile sites and mine-laying boats near Strait of Hormuz amid peace talks

US Central Command executed targeted strikes against Iranian missile launch sites and mine-laying vessels near Bandar Abbas, testing a fragile ceasefire even as high-stakes diplomatic talks continue in the region.

Published

on

In a major development testing a fragile regional ceasefire, the United States military carried out targeted strikes in southern Iran on Monday. The operation hit missile launch sites and vessels allegedly attempting to lay mines near the crucial Strait of Hormuz, according to statements from the US Central Command (CENTCOM).

The military action took place near Bandar Abbas, a prominent southern port city hosting a primary Iranian naval base. Media reporting indicated that explosions were heard across multiple coastal locations, including Sirik and Jask.

Focus on ‘Self-Defense’ Amid Active Ceasefire

A spokesperson for CENTCOM, Capt. Tim Hawkins, confirmed that the engagement was defensive in nature. “US forces conducted self-defense strikes in southern Iran today to protect our troops from threats posed by Iranian forces,” Hawkins stated. He noted that the operational targets included active missile launch sites alongside Iranian boats attempting to emplace naval mines. Despite the escalation, CENTCOM emphasized that it continues to exercise restraint under the parameters of the ongoing ceasefire brokered in early April.

According to media reports, the tactical response was triggered when two Islamic Revolution Guard Corps (IRGC) boats were detected laying mines in the strategic shipping lane. Additionally, a surface-to-air missile site reportedly targeted American warplanes, prompting US forces to neutralize both the vessels and the missile installations. Media channels citing local updates indicated that four individuals were killed in the strikes, though the complete casualty figures remain unverified.

Diplomatic Dialogue Continues in Parallel

The strikes coincide with a critical phase of diplomatic negotiations aimed at extending the current truce. Top Iranian negotiators traveled to Qatar early this week to discuss a potential 60-day extension of the ceasefire, alongside provisions to keep the Strait of Hormuz fully operational for global trade.

US officials maintain that the military action does not signal an end to the active truce. A senior administration source clarified that the specific operations are “over for now”. US Secretary of State Marco Rubio, speaking from India, affirmed that diplomatic channels remain open and active. Rubio stated that intensive language discussions regarding the initial documents are ongoing, reiterating that the opening of the strategic strait remains a core objective.

Meanwhile, political leaders in Washington have separately reiterated demands for the secured disposal or international transfer of enriched uranium stockpiles as part of any comprehensive long-term agreement.

Continue Reading

Latest world news

US announces new America First visa schedule to boost business ties with India

During his official state visit to New Delhi, US Secretary of State Marco Rubio announced a new America First visa schedule designed to prioritise business professionals and boost bilateral trade efficiency.

Published

on

In a significant development aimed at strengthening bilateral cooperation, the United States has introduced a new “America First” visa schedule. The policy update was announced by US Secretary of State Marco Rubio during his official four-day visit to India. The new schedule is specifically designed to prioritise business professionals who play a key role in fortifying trade and strategic connections between the two nations.

Speaking about the initiative in the national capital, the top US diplomat clarified that the updated framework will not only assist visa applicants but will also significantly enhance operational productivity for the diplomatic mission. “We’re introducing a new America First visa schedule that prioritises business professionals that strengthen these ties,” Rubio stated. He added that the arrangement will enable the system to process applications with greater accuracy, speed, and efficiency.

Focus on Indo-Pacific and regional security

The announcement coincided with high-level discussions between the visiting diplomat and Prime Minister Narendra Modi. The meeting, which lasted for over an hour, covered critical areas of bilateral interest, including trade, energy security, strategic technologies, defence cooperation, and the ongoing West Asia crisis. During the interaction, Rubio extended an official invitation from US President Donald Trump for PM Modi to visit the White House in the near future.

The US Secretary of State described the partnership between New Delhi and Washington as a foundational cornerstone of America’s overarching strategy for the Indo-Pacific region. Highlighting India’s central role, Rubio noted that his very first official engagement upon taking office was a meeting of the Quadrilateral Security Dialogue (Quad), emphasizing that hosting the upcoming foreign ministers’ meeting in India acts as a tangible sign of the deep commitment to this framework.

Clarification on immigration rules

Addressing separate concerns regarding recent shifts in American immigration policies, the top diplomat provided a crucial clarification regarding the new guidelines for permanent residency. Media reports had previously highlighted anxieties surrounding a newly instituted rule that requires many legal immigrants to exit the US and apply for green cards from their home countries.

Rubio explicitly stated to the media that these measures are universal regulatory updates rather than policy shifts targeted at any specific nation. He reassured that the rule is applicable globally to all international applicants and is not directed exclusively at Indian citizens.

The visit marks Rubio’s first official trip to India since assuming office. His comprehensive itinerary began in Kolkata and includes a scheduled bilateral dialogue with External Affairs Minister S Jaishankar, alongside participation in the Quad Foreign Ministers’ meeting alongside international counterparts.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com