LAHORE: A special (banking) court extended the interim pre-arrest bail of PML-Q leader and former federal minister Chaudhry Moonis Elahi and two others till July 22 in a case of alleged money laundering registered by the Federal Investigation Agency (FIA) on a complaint of the Sugar Inquiry Commission 2020.
Punjab Assembly secretary Muhammad Khan Bhatti and Wajid Bhatti are co-accused of Monis appeared before the court on Thursday along with their counsel. Due to the unavailability of the presiding judge the hearing on the bail application was adjourned till July 22 extending the bail of the petitioners by default.
The FIR was registered under sections 34 (acts done by several persons in furtherance of a common intention), 109 (punishment for abatement), 420 (cheating and dishonestly inducing delivery of property), 468 (forgery for purpose of cheating) and 471 (using a genuine forged document) of the Pakistan Penal Code, read with section 5(2) of the Prevention of Corruption Act, 1947 and section 4 of the Anti Money Laundering Act, 2010.
The FIR was lodged on the complaint of the Sugar Commission. The FIA was mandated by the federal government to probe financial and corporate frauds committed by various sugar mills, including Rahim Yar Khan (RYK)/Alliance Sugar Mills.
Punjab Assembly secretary Muhammad Khan Bhatti, Muhammad Nawaz Bhatti, Muhammad Ali, Mazhar Abbas, Makhdoom Omar Sheharyar, Tariq Jawaid and Wajid Khan Bhatti were also booked in this case. According to the inquiry revealed that several low profile individuals jointly set up RYK Sugar Mills Ltd in 2007-8 at Rahim Yar Khan.
It was also alleged that the mill was set up by laundering funds from unexplained sources, including proceeds of financial crimes.