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ECP suspends Ishaq Dar’s senate membership

byCT Report
30/06/2018
in Business
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ISLAMABAD: The Election Commission of Pakistan (ECP) has suspended former finance minister and Pakistan Muslim League-Nawaz (PML-N) leader Ishaq Dar as a senator.

The ECP suspended his senate membership in light of the order of the Supreme Court in this regard.

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Dar faces several cases including possessing assets beyond known sources of income, and left for London last year on the pretext of medical treatment and has not returned ever since.

The National Accountability Bureau has decided to approach Interpol to bring Dar back.

On Feb 26 this year, the anti-graft watchdog filed a supplementary reference against Ishaq Dar in the assets case with regard to alleged accumulation of wealth disproportionate to his known sources of income.

Three co-accused, including National Bank of Pakistan President Saeed Ahmed, Mansoor Raza and Naeem Mehmood, were also nominated in the reference.

The NBP president had earlier said he came to know in 2016 that as many as seven accounts were being operated in his name. His signatures were faked to open such accounts, he claimed.

A NAB prosecutor argued that millions of rupees were transacted into the foreign currency accounts, which were operated from 1997 to 2006.

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