LAHORE: A two-member bench of Lahore High Court (LHC) on Wednesday while accepting the bail plea of Pakistan People’s Party (PPP) leader Qasim Zia has directed to release him .
The court has ordered Qasim Zia to submit a surety bond of Rs100,000 against the bail.
National Accountability Bureau (NAB) had arrested Qasim on August 8 on the charges of being one of the accused in a fraud case of worth Rs100 million.
As per NAB, the accused was arrested on allegations of cheating public at large, misappropriation, and embezzlement of funds and criminal breach of trust.
Qasim Zia allegedly sold fraudulent shares of which he is one of the directors, NAB added.
The PPP leader submitted a petition in LHC stating that he will return the owed amount voluntarily.
NAB officials asked him to return Rs2 crore and two lac on which he agreed.
His lawyer told the court that the case is under investigation therefore; the bail plea should be accepted.