Accountability court acquits Zardari in ARY, Ursus references

Two more references against the former president - Cotecna and SGS - are still pending


Web Desk December 12, 2014

ISLAMABAD: An accountability court in Islamabad acquitted  former president Asif Ali Zardari in two corruption references, Express News reported on Friday.

Five references against the former president were reopened on October 12, 2013.

The court today acquitted him in the ARY and Ursus tractors deal references. Previously, he was acquitted in the Polo ground reference.

ARY case

The case is related to granting licences to ARY traders for import of gold and silver which caused losses to the public exchequer, amounting to approximately Rs18.2 million.

Ursus tractors deal

Ursus tractors case deals with alleged misappropriation in the purchase of 5,900 Russian and Polish tractors at a cost of Rs150,000 each, for the then Awami Tractor Scheme.

The Ursus tractors purchase deal allegedly caused a loss of Rs268.3 million to the ADBP and Rs1.67 billion to the State Bank.

Two more references - Cotecna and SGS - filed against Zardari are still pending for which the court has summoned the former president on December 17.

COMMENTS (20)

Aam Aadmi | 9 years ago | Reply

@Sam: The "General" had already closed all these cases through notorious NRO. Zardari has won his innocence through process of law but the Dictator needs to be punished for heinous crimes including but not limited to the NRO.

such bolta hoon | 9 years ago | Reply

Reward for supporting Nawaz league. Enjoy.

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