Latest News / Pakistan: The Session Court ordered to release the main accused of National Insurance Company Limited Scandal (NICL) on Friday October 21, 2011.
The Session court accepted the bail order which was application filed by Moonis Elahi.
On October 15, the court reserved its verdict on the application after hearing the arguments of defence lawyers and the trial which was announced today in open court.
Previously, Federal Investigation Agency (FIA) prosecutors submitting their written arguments informed the court that during the investigation of the NICL scam, it was transpired that an amount of Rs 320 million was transferred to two bogus accounts which was received by Moonis Elahi.
They submitted that cases were registered and accordingly challan was submitted after recording the statement of the witnesses in this regard.
Today, Moonis Elahi was presented in the court besides three other accused in the case.
Moonis Elahi was accused of receiving Rs 320 million in the NICL scam through bogus accounts. His Manager Abdul Maalick, Rizwan Bhatti and Khalil Ahmad were also indicted in the case.