ISLAMABAD: A National Accountability Bureau (NAB) court acquitted on Tuesday former president Asif Ali Zardari in the SGS-Cotecna references against him.
On November 11 Accountability Court Judge Muhammad Bashir reserved the verdict after both parties concluded their arguments over acquittal applications of the Pakistan Peoples Party co-chairman in the SGS-Cotecna corruption cases.
SGS – a Swiss inspection, verification, testing and certification company – corruption case is the continuance of a reference filed in 1997 that accused late Benazir Bhutto and her spouse to have gained off a contract between the SGS and the government. Cotecna case is about the award of a contract to the Swiss company after allegedly receiving six per cent bribe on revenue proceeds.
“The court today, has honourably acquitted Asif Ali Zardari, in 18-year-old reference cases for which he had spent eight years in prison,” the counsel for the former president, Farooq H Naek said while addressing the media.
NEO Web Desk