An accountability court on Monday sent former PPP Punjab President Qasim Zia to jail on 14 day judicial remand.
The accused was presented before the NAB court during which the investigation officers requested to extend Qasim Zia’s physical remand as they were unable to submit evidence against him.
After listening to the investigation personnel, court rebuffed to extend former Punjab PPP president’s physical remand.
The authorities had acquired a 14-day physical remand of Zia. The PPP leader serves as director for Ali Usman Securities. The company is alleged of not giving profits back to the people for past two years. The company has also not returned the money worth crores of rupees.
The company, allegedly, sold bogus shares to bag money from the people. Zia had also served as president of Pakistan Hockey Federation (PHF) in the past.
NAB authorities said that the troubled customers registered complaints against the company. Following the procedure, the director has been apprehended for interrogation.
Zia was arrested by National Accountability Bureau (NAB) officials and is accused of committing stock market fraud of over Rs100 million.
PPP leaders and workers staged a protest demonstration outside the NAB court over the arrest of Qasim Zia.
Opposition Leader in the National Assembly Khursheed Shah talking to newsmen said Qasim Zia was being victimised for not switching his political loyalties.
