Qasim Zia has promised to return the looted money: NAB

Lahore : NAB Lahore arrested accused Qasim Zia on 08.08.2015 in connection with an inquiry in Ali Usman Securities Brokerage House Scam of worth Rs. 80.845 million. There are allegations of corruption and corrupt practices, cheating public at large, criminal breach of trust and fraud against accused Qasim Zia as the accused deprived the general public of their hard earned money.

During Judicial remand, accused Qasim Zia voluntarily came forward, admitted his guilt, and expressed his willingness to voluntary return the looted amount of the general public.

The accused Qasim Zia willingly agreed to pay Rs. 20.2 million, an interim liability, worked out by NAB so far. In this connection, NAB received Bank Pay Order amounting to Rs. 8 million from the accused Qasim Zia as first installment. Accused Qasim Zia also agreed to deposit the remaining amount in two equal installments as per law.

After detailed scrutiny of Voluntary Return (VR) application of accused Qasim Zia, NAB approved the same. The Honorable Lahore High Court was apprised about the decision of the acceptance of the VR application of the accused Qasim Zia. It is further pointed out that it was submitted before the Division Bench of Lahore High Court Lahore that if Qasim Zia does not adhere to the conditions of the Voluntary Return (VR), NAB reserves the right to proceed against him in accordance with Law. And in this background, the Honorable Lahore High Court Lahore granted the accused Qasim Zia post arrest bail.