Pak Finance Minister Ishaq Dar indicted in corruption case

Image
Press Trust of India Islamabad
Last Updated : Sep 27 2017 | 6:42 PM IST
Pakistan's Finance Minister Ishaq Dar was indicted by an anti-corruption court today, but the close aide of ousted prime minister Nawaz Sharif pleaded not guilty to possessing assets beyond his means.
Dar's indictment comes a day after the Accountability Court decided to indict Sharif on October 2 after the former prime minster for the first time appeared before it to face graft charges against him in the Panama Papers scandal.
The 67-year old minister pleaded not guilty to all charges against him, terming them baseless.
Dar was swept up in the corruption case stemming from documents leaked from a Panama law firm, which appeared to show that senior officials, including Sharif, had undisclosed assets.
Pakistan's anti-corruption watchdog, the National Accountability Bureau (NAB) on September 8 filed a case against Dar, 67, for possessing assets beyond his known sources of income following the July 28 verdict of the Supreme Court.
In the case against him, the NAB alleged that Dar has acquired assets and pecuniary interests/resources in his own name and/or in the name of his dependants of an approximate amount of Rs 831.678 million.
The NAB alleged that the assets were "disproportionate to his known sources of income for which he could not reasonably account for."
The apex court had disqualified Sharif as the prime minister and ordered corruption cases against him, his children Maryam, Husain and Hasan and son-in-law Muhammad Safdar.
The minister refused to accept the charges read out by the Accountability Court judge Muhammad Bashir and said his assets were in accordance with income and he will prove it with evidence during the trial.
The court ordered the NAB to present evidence and the NAB prosecutor submitted a list of 28 witnesses whom it would present in the court to testify in support of the charges.
Dar also appealed to the court to allow him to skip personal appearance during the trial and the court said it will decide later.
The court adjourned hearing till October 4 though it earlier decided to conduct day-to-day hearings in the case.
Under Pakistan's laws, Dar can continue to work as a minister until he is found guilty. However, opposition leaders have demanded his resignation on moral grounds.
Minister of state for information Tariq Fazal Chaudhry told media that Dar was not given mandatory seven days before indictment which was against the NAB laws.
"Dar has been indicted today though our lawyer urged the court to postpone indictment and give seven days from September 25 when the court decided to indict him," he said.
Rana Sanaullah, law minister of Punjab Province and a vocal member of ruling Pakistan Muslims League-Nawaz (PML-N) rejected the charges against Dar.
"The charges and indictment of Dar is a joke," he said.
Dar has close familial ties to former Sharif. Dar's son has been married to Sharif's daughter Asma Nawaz.
He was also imprisoned when the Sharif government was toppled in 1999. He was under pressure by the Opposition to resign after the NAB filed case against him but so far he has refused to do so.
The NAB has filed three cases of corruption and money laundering against Sharif, his sons - Hassan and Hussain, daughter -- Maryam and son-in-law - Safdar in the Accountability Court in Islamabad and Rawalpindi recently.
Sharif's family has alleged that the cases are politically motivated.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 27 2017 | 6:42 PM IST

Next Story