Home Pakistan Lahore’s banking court grants Moonis Elahi interim bail

Lahore’s banking court grants Moonis Elahi interim bail

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LAHORE, June 22(ABC): A banking court in Lahore on Wednesday accepted the interim bail request of PML-Q senior leader Moonis Elahi in a case pertaining to alleged money laundering worth Rs720 million.

The Federal Investigation Agency (FIA) had filed a case against former federal minister Moonis and others last week. The case, according to the agency, pertains to alleged money laundering of Rs720 million.

The court directed Moonis to submit Rs500,000 as a surety against the bail till July 4.

Elahi’s counsel Amjad Pervaiz said that the case against Elahi is based on political grounds. He said that Muhammad Khan Bhatti has also acquired interim bail in the same case, but Moonis has sought bail for the first time.

The money laundering case was registered following a report by the FIA Anti-Corruption Circle, the first information report (FIR) said.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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