The Lahore High Court (LHC) has granted bail to Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz in the Chaudhry Sugar Mills (CSM) case.

A two-member bench of the LHC comprising Justice Ali Baqar Najafi and Justice Sardar Ahmad Naeem announced the verdict. The legal representatives of Maryam and National Accountability Bureau (NAB) were also present in the court.

Maryam Nawaz had approached the high court on September 30 seeking post-arrest bail in the CSM case, in which she is suspected of money laundering.

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Following the sudden deterioration in the health of her father, PML-N supremo Nawaz Sharif, she then filed a miscellaneous petition on October 24 seeking immediate bail on the basis of fundamental rights and humanitarian reasons.

The bench had reserved its verdict in the case on October 31 after both the petitioner and NAB had concluded their arguments.

In its verdict, the court on Monday directed Maryam to submit her passport with the court besides two surety bonds of Rs100 million each. The court also directed the PML-N leader to deposit Rs70 million separately with the court.

According to her lawyer, bail has been granted on the merits of the case and not on humanitarian grounds.

Maryam and her cousin Yousuf Abbas were arrested by NAB on August 8 in the CSM case. Later, on September 25, they were sent to jail on judicial remand by an accountability court in Lahore.

NAB suspects PML-N president of involvement in money laundering through investments of variable heavy amounts being the main shareholder of the CSM. It has alleged that she was involved in money laundering with the help of some foreigners during the period of 1992-93, when Nawaz was the prime minister.