Former Prime Minister Shehbaz Sharif, along with 10 co-accused, have been acquitted in the Ashiana-i-Iqbal Housing Scheme reference by a Lahore accountability court, as per Geo News.
The list of the acquitted individuals includes the incumbent federal minister Ahad Cheema and Fawad Hassan Fawad.
The court, headed by Judge Malik Ali Zulqarnain Awan, reserved the verdict on November 2 after the conclusion of final arguments presented by counsels and National Accountability Bureau (NAB) prosecutors on acquittal pleas.
Acquittal applications contended that all prosecution witnesses and approvers had retracted their statements, signaling a lack of grounds for conviction in the reference. The applicants urged the court to approve the applications and absolve them of the charges.
A report filed by NAB in May stated that there was no evidence of financial corruption or misuse of authority by Shehbaz Sharif. The allegations of misuse of authority and corruption against the former prime minister, according to the report, were not substantiated under the National Accountability Ordinance of 1999.
NAB had filed the reference in 2018, alleging that Shehbaz Sharif and other accused had caused a significant financial loss to the national treasury by awarding the contract for the housing scheme to a construction firm without a competitive bidding process.
Sharif was arrested on Oct 5, 2018, in connection with the case when he appeared before the accountability bureau in another matter while Cheema was taken into custody on February 21 of the same year. Both of them were later released on bail.
Earlier, Kamran Kiyani, the brother of former army chief Ashfaque Parvez Kiyani, and Nadeem Zia of Paragon City were acquitted by the court due to a “lack of evidence”.
The NAB alleged that Cheema received illegal benefits from the owners of Paragon City Developers as a reward for awarding the housing scheme contract to their proxy firm, Bismillah Engineering.
