KARACHI, Sindh High Court on Wednesday admitted Ali Ahmed Riaz, Chief Executive of Bahria Town, to protective bail in sum of Rs 1 million for four weeks in Bahria Town corruption case.
Ali Ahmed Riaz, who is son of real estate tycoon Malik Riaz, moved SHC to seek protective bail following issuance of non-bailable warrants for his arrest by Anti-Corruption Court, Rawalpindi.
According to prosecution, Anti-Corruption Establishment Rawalpindi had initiated alleging that Malik Riaz and his son Ali Ahmed Riaz in connivance with Patwari Rizwan Ali, Chaudhry Ashfaq, Meelad Bibi and others got fraudulently transferred 1411 Kanal land to their project Bahria Town in Deh Malikpur, Azizal Boral, near Rawat. A case (FIR 29/2009) US 420, 468, 471 RW Section 5(2) of Anti-Corruption Act 1947 was lodged against them.
Ali Riaz appeared before court with his counsel, Shaukat Hayat, who submitted his client wanted to surrender before trial court, but apprehended arrest. He prayed to admit applicant to protective bail to enable him surrender before trial court.
A bench, headed by Justice Nisar Ahmed Sheikh, admitted him to protective bail for four weeks subject to furnishing surety in sum of Rs 1 million or PR bonds in like amount for satisfaction of court’s Nazir. It also directed applicant to surrender before trial court.