{"id":29515,"date":"2017-11-07T15:27:59","date_gmt":"2017-11-07T10:27:59","guid":{"rendered":"https:\/\/tns.world\/?p=29515"},"modified":"2017-11-07T15:27:59","modified_gmt":"2017-11-07T10:27:59","slug":"insider-trading-doesnt-need-to-be-declared-in-nomination-forms-sc","status":"publish","type":"post","link":"https:\/\/tns.world\/?p=29515","title":{"rendered":"Insider trading doesn’t need to be declared in nomination forms: SC"},"content":{"rendered":"

ISLAMABAD Nov 07 (TNS):<\/strong> The Supreme Court\u00a0observed on Tuesday that insider trading does not have to be\u00a0declared in the election nomination papers.<\/p>\n

The remarks were made by\u00a0Justice Umar Ata Bandiyal during the hearing of the disqualification case against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and secretary general Jahangir Tareen.<\/p>\n

Pakistan Muslim League-Nawaz leader Hanif Abbasi has filed a petition in the apex court seeking the disqualification from Parliament of Tareen and Imran over their alleged non-declaration of assets and ownership of offshore companies.<\/p>\n

A three-member Supreme Court bench, headed by Chief Justice Mian Saqib Nisar, heard the case.<\/p>\n

Azid Nafees, Abbasi\u2019s counsel, argued that the disqualification has to be undertaken on the matter of\u00a0dishonesty\u00a0and not over submission of\u00a0nomination papers. He alleged that Tareen acquired illegal money.<\/p>\n

The chief justice, during the hearing, questioned the counsel whether every illegal act makes someone dishonest. He further remarked that these are new arguments for which Tareen\u2019s counsel Sikandar Bashir Mohmand’s opinion will be sought.<\/p>\n

Meanwhile, hearing Abbasi’s counsel for Imran’s case, Akram Sheikh\u2019s arguments, the\u00a0chief justice remarked that judges are also working under the ambit of the law.<\/p>\n

He remarked further that election tribunals are the appropriate forum for resolving issues with someone\u2019s election.<\/p>\n

The last hearing of the case, with regards to Tareen, was held on October 25 when the chief justice observed that Tareen was yet to submit a trust deed to the court regarding his UK property.<\/p>\n

Over the last weekend, Tareed\u00a0submitted the \u2018trust deed\u2019 to the Supreme Court regarding a 12-acre property he owns in the United Kingdom.<\/p>\n

According to the documents, Tareen is a \u2018settlor\u2019 for the trust which owns 12 acres in the UK through its company, Shiny View Limited.<\/p>\n

The trust was created in 2011 for a period of 150 years, the documents state further.<\/p>\n

Tareen and his wife have also been listed as the trust\u2019s \u2018discretionary lifetime beneficiaries\u2019.<\/p>\n

They also state that Tareen can direct the trustees to transfer the income from the trust fund to any of the discretionary beneficiaries, including him.<\/p>\n

The documents also elaborate that in case Tareen dies, his wife, children and grandchildren will be named as discretionary beneficiaries.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD Nov 07 (TNS): The Supreme Court\u00a0observed on Tuesday that insider trading does not have to be\u00a0declared in the election nomination papers. The remarks were made by\u00a0Justice Umar Ata Bandiyal during the hearing of the disqualification case against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and secretary general Jahangir Tareen. Pakistan Muslim League-Nawaz leader Hanif Abbasi […]<\/p>\n","protected":false},"author":1,"featured_media":22904,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,23],"tags":[118,589],"class_list":["post-29515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-islamabad","category-national","tag-islamabad","tag-national"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/29515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29515"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/29515\/revisions"}],"predecessor-version":[{"id":29516,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/29515\/revisions\/29516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/22904"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}