LAHORE, FEB 18 (DNA) : Lahore High Court (LHC) on Tuesday has granted bail to managing director at Sharif Group of Industries and former Prime Minister Nawaz Sharif’s nephew Yousaf Abbas in Chaudhry Sugar Mills case.
While announcing the verdict on Yousaf’s bail plea, a two-member bench headed by Justice Ali Baqir Najfi directed the authorities to immediately release him.
In August 2019, a team of the National Accountability Bureau (NAB) had raided the house of Leader of Opposition in National Assembly and Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif to arrest his nephew.
On August 8, NAB team had detained Maryam Nawaz outside the Kot Lakhpat Jail in Lahore for skipping appearance in Chaudhry Sugar Mills due to meeting with her father and former Prime Minister Nawaz Sharif.
Maryam Nawaz was unable to provide the required details of foreign investment in sugar mills while she was also failed to satisfy the bureau regarding source of income for purchasing the shares. NAB has also claimed that three foreigners had transferred 11000 shares worth millions of rupees on Maryam Nawaz’s name.
On July 6, 2018, accountability judge Mohammad Bashir had convicted former premier Nawaz Sharif and his daughter Maryam Nawaz in Avenfield properties reference and sentenced them 10 years and 07 years imprisonment, respectively.
In the verdict, judge Bashir had declared that “The trust deeds produced by the accused Maryam Nawaz were also found bogus… In view of the role of this accused Maryam Nawaz, she is convicted and sentenced to rigorous imprisonment for seven years with fine of two million pounds.”
She was arrested and shifted to Adiala jail. Later, in September 2018, she was released from jail after the Islamabad High Court suspended her prison sentence.
 on Tuesday has granted bail to managing director at Sharif Group of Industries and former Prime Minister Nawaz Sharif’s nephew){kind=link}