The Supreme Court on Wednesday suspended the sentences of former SC registrar Amin Farooqui and Javed Iqbal Bangash in the NAB references, TV channel 24NewsHD reported.
Former SC registrar Amin Farooqui deposited Rs 590 million in Islamic Investment Bank at a profit in 2005. But later the bank was closed and NAB filed recommendations against four accused after the deposited money landed in the bank.
A three-judge bench headed by Justice Ijazul Ahsan heard the appeals of former registrar Amin Farooqui and Javed Iqbal Bangash against their sentences in the NAB references.
Farooqui’s lawyer, Khawaja Harris, told the court that his client had completed eight years in prison. And according to the law, if the convict completes more than half of the sentence, the remaining sentence can be suspended, he added.
The lawyer said there was no evidence that Farooqui directly benefited from the case. He said his client allowed the money to be deposited in the Islamic Investment Bank after receiving a note from the treasury.
Justice Munib Akhtar observed that if the former registrar wanted, he could have returned the cashier’s note. It is also a crime if the authorization is not used, the judge added.
Justice Ahsan noted that usually the cashier does not send a note directly to the registrar.
Attorney Harris contested that procedural errors could not be considered a crime.
Judge Ahsan noted that usually a comparison of banks was made before depositing money, but in this case no comparison was made. He questioned whether there was evidence at the time that everyone knew the Islamic Bank was failing.
Justice Akhtar observed that the court ordered that the money be saved but did not order that it be deposited for profit.
After that, the court adjourned the case indefinitely.
Reporter Amanat Gishkori