ISLAMABAD:The Supreme Court on Thursday accepted the interim bail of money laundering accused Usman Butt against surety bond of Rs 0.5 million.
The court also directed the Federal Investigation Agency (FIA) to complete investigation in the case in 10 days.
A three-member SC bench comprising Justice Sardar Tariq Masood, Justice Amin-Ud-Din Khan and Justice Muhammad Ali Mazhar heard the bail plea filed by Usman Butt.
During the course of proceedings, the investigating officer said that accused Usman Butt bought three commercial properties measuring 96 kanals of land and he failed to provide money trail of two properties.
He said that the seller showed that he sold property at Rs 0.3 million while actually the accused bought the property for Rs 30 million.
Arif, who sold properties, was the frontman of the accused, he added.
Accused Usman’s lawyer said that his client was a big exporter of sports products.
He said that his client paid sales tax of Rs 1.5 billion and asked why would a tax payer of Rs 1.5 billion hide Rs 30 million?
Justice Sardar Tariq Masood asked the FIA to verify from the bank record whether the accused was able to purchase the properties or not.
The apex court granted interim bail to accused Usman Butt and adjourned the hearing for ten days.