Law:

Section:

Criminal Procedure Code (V of 1898)-------S. 497---Penal Code (XLV of 1860), Ss.406/468/420/468/471/109---Offences in Respect of Banks (Special Courts) Ordinance (IX of 1984), First and Second Scheds.---Bail, grant of---Involvement of accused as Accounts Officer in withdrawal of huge amounts by opening fake accounts in name of his brother and family---Brother of accused having facilitated in opening of fake accounts was absconding---Father of accused agreeing to deposit a pay order of Rs.50,00,000 failed to produce the person in whose favour he had issued such pay order---Prosecution had made out a prima facie case against accused---Bail was declined to accused in circumstances. A. Habib Ahmed v. M.K.G. Scott Christian PLD 1992 SC 353 ref. Shoukat Hayat and M.R. Syed for Applicant. Haider Ali Federal Counsel. Khaleeq Ahmed for the Complainant. ORDER SYED MAHMOOD ALAM RIZVI, J.---This bail application is directed against the order dated 9-6-2008 passed by the learned Special Judge (Offences in Banks) at Karachi, in F.I.R. No.22 of 2008, under sections 406/408/420/468/471/109, P.P.C. registered at F.I.A. CC Karachi, Whereby the bail application of the applicant was rejected. 2. Precisely the facts of the prosecution case, as per F.I.R., are that the complainants Messrs Osama Bin Shoaib and Muhammad Younus, the Chief Executive and Finance Manager, respectively of Messrs Prudential Securities Limited, Karachi lodged a complaint on 18-4-2008 with the F.I.A. regarding an offence occurred between the years 2006 to 2008 whereafter the F.I.A. conducted a preliminary inquiry. It is, alleged in the complaint that accused/applicant, ex-senior Accounts Officer, while, working with the complainant company, with intent to cheat and defraud the company, had issued cheques of different amounts in the names of the applicants, and after getting signatures of the various signatories of the company, had fraudulently withdrawn proceeds thereof, by opening fake accounts in the names of the company's clients, i.e. Muhammad Mazhar, Muhammad Jamil Ahmed, Zahid Ali Khan, Taslim Hussain and others and he had illegally transferred the said amount from the company account to the above fake…

Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 492