Pak SC dissolves panel probing Iftikhar Chaudhry's son in graft matter
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The court also ruled that there was no need for any further proceedings in the matter.
The inquiry commission headed by former Intelligence Bureau chief Shoaib Suddle was formed by the apex court after Hussain alleged earlier this year that he funded three foreign trips by the Chief Justice's son and spent Rs 342 million on him to influence cases in the Supreme Court.
A two-judge bench of the apex court ruled that the inquiry commission should be wound up.
It further said there was no need for further proceedings in the matter as it involved two private individuals.
Today's development could fuel the impression that the apex court has been acting in a partisan manner to shield Arsalan Iftikhar, the son of the Chief Justice.
Chaudhry himself has been under a cloud since Hussain made the allegations against his son.
According to the inquiry commission's preliminary report, which was released to the media yesterday, Arsalan admitted to the panel that he had made two foreign visits that were funded by Hussain or his associates.
Arsalan further admitted that he had received "favours" from Hussain, his friend or his son-in- law but the report did not say why he had accepted these favours.
Arsalan admitted he had visited Monte Carlo in July 2010.
He said he was accompanied by Ahmed Khalil, a friend of Hussain's son-in-law Salman Ahmed Khan and Sara Hanif, the wife of Khalil.
He also admitted that he had travelled to London with his
family on June 19 last year and stayed there till July 21.\Accommodation and transport arrangements were made by Khan, he said. Hussain alleged that Rs 8.86 million was spent by his son-in-law on the visit to Monte Carlo.
The commission's report said it had received evidence of the payment of Rs 1.86 million through a cheque, a credit card and electronic transfer though it did not get proof about the
remaining amount. Rs 5.9 million was spent on the second visit to London and documentary evidence of expenditures of Rs 3.7 million was provided to the commission.
Though Hussain had alleged he had spent Rs 342 million on Arsalan, the commission's report said the tycoon had provided evidence for payments amounting to Rs 5.58 million.
The report made a mention of Bahria Town, the real estate company owned by Hussain, who was accused of land grab, blackmail, extortion, cheating, fraud and tax evasion.
The report also referred to Hussain's charity work and questioned how he could spend Rs 1.09 billion this year to feed 150,000 people every day while his total declared income for tax purposes was Rs 760 million.
At the same time, the commission's report raised questions about Arsalan's sources of income.
Arsalan provided income tax returns of two firms and declared an income of Rs 2.8 million for 2010 and 2011.
"Prima facie, investigation into the bank accounts (of Iftikhar) shows deposits of Rs 58.9 million, which means that deposits of Rs 56.1 million are disproportionate to his declared income," the report said.
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