KARACHI: The Sindh High Court (SHC) on Friday reserved its verdict on a plea of Karachi Development Authority’s (KDA) former director general Nasir Abbas seeking post-arrest bail in a case pertaining to illegal conversion of residential plots into commercial plots.
Headed by Chief Justice Ahmed Ali M Shaikh, the verdict was reserved after the counsels of all sides concluded their arguments. The date of judgment’s pronouncement will be fixed later.
Abbas, along with the officials of KDA, was being tried in the reference filed by the National Accountability Bureau (NAB) for allegedly transferring many plots meant for residential purpose to commercial use.
The defence counsel said that the charges labelled against Abbas were baseless as he was never involved in corruption or misusing power. He maintained that the NAB had arrested his counsel even before the completion of enquiry.
The NAB prosecutor submitted that the accused persons in connivance with each other had caused a loss of Rs385 million to the national exchequer. The court was requested to throw out the bail applications as the NAB contended that there were sufficient pieces of evidence that Abbas and others were involved in the offence.
After hearing arguments from both sides, the SHC bench reserved its verdict that will be pronounced later.