SC grants bail to CEO B4U Group in Mudaraba case.

ISLAMABAD -- The Supreme Court of Pakistan on Monday granted bail to the Chief Executive Officer (CEO) of B4U Group in Mudaraba case against the surety bond of Rs1 million. A three-member bench of the apex court headed by Acting Chief Justice Umar Ata Bandial conducted hearing of the bail application of B4U CEO Saif-ur-Rehman. The bench summoned Director General National Accountability Bureau (NAB), Rawalpindi regarding the arrest of Saif-ur-Rehman from Supreme Court premises.

The B4U CEO was arrested by the NAB while on way to Supreme Court after the Islamabad High Court (IHC) had rejected his bail plea.

During the hearing, Justice Munib expressed annoyance over the arrest of the CEO from apex court premises by NAB officials. He asked that what the emergency was that NAB arrested Saif from the SC premises in dramatic style.

The Court ordered the NAB officials, who were involved in the arrest of the B4U CEO from Supreme Court, to deposit surety bond against Rs1 lac each. The SC Office was directed to submit the incident footage on the next date.

Justice Bandial said that NAB official should have kept in mind the Supreme Court prestige, and they would not allow such contempt by the NAB officials. He said that through footage they would identify the officials who were involved in the act.

The acting CJP said that NAB should recover money in accordance with the law and not to terrorise the public. He said that when the accused had given undertaking that he would appear before the Supreme Court as per law then there was no need to arrest him from the court building.

Advocate Latif Khosa, representing the CEO B4U Group, argued that such kind of incidents even do not take place in the Sessions Courts.

The Special Prosecutor General NAB, however, accepted that the officials have made mistake to arrest the accused from the Supreme Court premises. The SPG said that he is ready to tender apology to the apex court and the applicant...

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