The Lahore High Court on Monday granted bail to PML-N leader Maryam Nawaz in the Chaudhry Sugar Mills (CSM) case.
The court instructed Maryam to submit two surety bonds of Rs10 million each. She has also been instructed to surrender her passport and deposit an additional amount of Rs70 million.
“We allow this petition and admit the petitioner to post-arrest bail subject to furnishing of surety bonds in the sum of Rs.10 Million with two sureties each in the like amount to the satisfaction of the learned trial court and to establish her bonafide would also deposit amount of Rs.7 crore with the Deputy Registrar (Judicial) of this court besides submitting her passport(s) with him,” said the verdict.
Following the verdict, a two-member bench presided by Justice Ali Baqar Najafi ordered the PML-N vice president’s release. Maryam had approached the high court on September 30 seeking post-arrest bail. After her father, Nawaz Sharif’s health deteriorated, she submitted a petition on October 24 seeking immediate bail on the basis of humanitarian reasons and fundamental rights.
The court had reserved the verdict on October 31. In her bail plea, Maryam had sought ad-interim post-arrest bail, contending that her family was implicated in a fake money laundering case and now they are being victimised.
Maryam was arrested by NAB in August and has been in custody of the accountability watchdog, which accused her of corruption and corrupt practices as defined under section 9(a) of NAO 1999 and schedules thereto and AML Act 2010.
NAB claimed that she aided and abetted co-accused persons, former prime minister Nawaz Sharif and others, in acquiring and laundering funds, which, it alleged, were disproportionate to the known sources of income of Nawaz. It accused Maryam of being a beneficiary of the assets.
On Wednesday, Maryam’s counsel Amjad Pervez contended that the accused had not been a beneficiary of the CSM nor she had actively served as its director and chief executive officer (CEO). He said she had ever done any material work while serving at the aforementioned posts and was a minor when the CSM was established in 1991.