LAHORE: The Lahore High Court on Tuesday rejected the bail applications of Pakistan Muslim League-Nawaz (PML-N) leaders Khawaja Saad Rafique and Khawaja Salman Rafique.
Justice Baqir Najafi headed the two-member bench which announced the verdict.
Both brothers are prime suspects in a corruption reference filed by the National Accountability Bureau (NAB) earlier this year. Khawaja Brothers have been accused by NAB of wrongfully gaining Rs18.2 million approximately from M/s Paragon City (pvt) Limited in their bank accounts and they failed to account for the illegal gains.
The bureau had initiated an inquiry against both brothers for allegedly owning assets beyond known means but it was closed in 2007 after they both won prize bonds, the NAB counsel told the court during today’s hearing.
Justice Najafi asked, “how are prize bonds related to [the inquiry]?” to which the counsel explained that the Khawaja brothers had won Rs49 million through prize bonds, it could not be proven that they owned assets beyond known means.
Saad in under NAB custody in Pakistan while Salman is currently abroad.