Can company MD get NAB bail Karachi?
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Khurram Ahmed Zaidi, MD of Karachi Stock Exchange (KSE) and Karachi Board of Trade (KBOT) was arrested on August 7, 2020, on account of corruption and theft allegations. He was arrested by National Accountability Bureau (NAB) during an operation in his official residence in Karachi. He was remanded in custody for the next 14 days. The court granted bail in the case on September 30, 2020, under strict conditions and a condition that
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Can company MD get NAB bail Karachi? 1. Introduce the topic. 2. Explain what it means to be “Bailed out” in this case. 3. Reason why you believe the company’s MD deserves to be bailed out. 4. Elaborate on how the legal system in Pakistan works. 5. Talk about the case of a similar situation. 6. Provide specifics about the charges against the company’s MD. 7. Explain how a company can be bailed
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“As per the law, the board of a company can ask for the appointment of a special manager and, later, a bail, if the director has been arrested or is in custody or even in “preventive custody”. But I have heard of a unique situation where the board itself can call the bail of its MD in case of his arrest or, for the same reason, he is not appearing before the court. This is the story from my personal experience in a corporate firm. A few months ago, a MD of a reputed Kar
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Can a company manager, Mohammad Ishaq, get bail in Karachi, Pakistan, according to the NAB, as per its latest developments? I read the news in the paper, and my opinion, here! Section: NAB case, Karachi Now tell about the case and its news. Section: Court, Karachi Now tell about court proceedings in Karachi. Section: Ishaq and NAB, Karachi Now tell about Ishaq, the company manager, and NAB,
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Can company MD get NAB bail Karachi? Firstly I do not belong to the company. Also I am not a lawyer but I have personal experience and honest opinion about a particular case. The recent news about Karachi businessman Khalid Farooq is very sad and shocking. He is facing NAB inquiry into his company, KFH S.S.H, for 1275 crores dues in default of payment of utility tax and VAT. NAB has launched the probe on 29th April
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In Karachi, NAB has arrested 2 directors and several other people for allegedly receiving bribes worth millions of rupees from a major multinational firm, reported The Express Tribune. The director of this firm, who is also the chairman of Karachi Stock Exchange, was questioned by anti-graft watchdog. click here to read He allegedly accepted bribes of Rs3 billion from the multinational firm. The top executive of the firm was also arrested. The firm has also hired the services of a law firm in Karachi
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The Supreme Court, in a 3-2 verdict, banned bail to two senior executives from the C-Group of the PML-N’s National Assembly’s office. This is not an issue, a law professor, A.M. Qureshi told me. This was, in his opinion, a politically motivated move by the bureaucracy to protect an executive. Here, the article was structured with a personal opinion of A.M. Qureshi, supported by a well-structured analysis of the