LAHORE – The Lahore High Court (LHC) on Friday dismissed former National Insurance Company Limited (NICL) chairman Ayaz Khan Niazi’s bail petition in the NICL land purchase scam. Niazi, through his counsel, submitted that he had no role in the NICL scam but the Federal Investigation Agency (FIA) dragged him into the case. A FIA official informed the court that Niazi was involved in the 803-kanal scam and the allegation has been proved during the investigation. After hearing arguments, Justice Manzoor Ahmed Malik dismissed Niazi’s bail petition. The judge granted bail to another NICL scam accused Ayub Siddique Butt and directed him to submit bail bonds worth Rs 1 million.
LHC rejects Niazi’s bail in NICL scam
