Open Menu

ATC Grants Bail To Accused In Terror Financing Case

Umer Jamshaid Published August 22, 2025 | 08:25 PM

ATC grants bail to accused in terror financing case

An anti-terrorism court (ATC) on Friday approved the post-arrest bail plea of Waseem Riaz, an accused in a case pertaining to money laundering, terror financing, and opening illegal bank accounts

LAHORE, (UrduPoint / Pakistan Point News - 22nd Aug, 2025) An anti-terrorism court (ATC) on Friday approved the post-arrest bail plea of Waseem Riaz, an accused in a case pertaining to money laundering, terror financing, and opening illegal bank accounts.

ATC Judge Manzer Ali Gill heard the plea and ordered Waseem Riaz’s release against surety bonds worth Rs 100,000.

Earlier, the Federal Investigation Agency (FIA) prosecutor opposed the plea and requested dismissal of bail, arguing that the accused had opened a bank account in which Rs 213 million were deposited. Co-accused Usman continued to operate this account, allegedly with permission from Waseem Riaz, who allowed his accomplices to use his account. He submitted that the members of banned outfit used the account for terror financing.

The prosecutor further argued that banned outfits used such accounts and recruited operatives for terror financing. He claimed that Waseem Riaz had opened a benami (anonymous) account which he handed over to Usman. Such benami accounts, FIA prosecutor maintained, are commonly exploited by proscribed organizations to fund terrorism.

However, the defence counsel argued that co-accused, in collusion with bank officials, misused Waseem Riaz’s account. He submitted that bank officers were also nominated as accused in the case.

The FIA has registered a case against the accused under charges of money laundering and terrorism-related offences.

Recent Stories

Pakistan Shaheens beat Nepal in last-ball thriller

Pakistan Shaheens beat Nepal in last-ball thriller

2 minutes ago
 Dengue epidemic threat: Section 144 imposed in Mur ..

Dengue epidemic threat: Section 144 imposed in Murree till Sept 15

2 minutes ago
 DIKhan administration’s performance reviewed und ..

DIKhan administration’s performance reviewed under KP govt’s public agenda

2 minutes ago
 TIKA provides thousands of hot meals, medical supp ..

TIKA provides thousands of hot meals, medical support to flood victims in Buner, ..

2 minutes ago
 Deputy Prime Minister/Foreign Minister (DPM/FM), S ..

Deputy Prime Minister/Foreign Minister (DPM/FM), Senator Mohammad Ishaq Dar high ..

2 minutes ago
 ATC grants bail to accused in terror financing cas ..

ATC grants bail to accused in terror financing case

5 minutes ago
Punjab Health Dept, ADB discuss business model for ..

Punjab Health Dept, ADB discuss business model for Nawaz Sharif Medical District

24 minutes ago
 Deputy Prime Minister and Foreign Minister (DPM/FM ..

Deputy Prime Minister and Foreign Minister (DPM/FM), Senator Mohammad Ishaq Dar ..

23 minutes ago
 Emirates returns as Official Airline Partner at US ..

Emirates returns as Official Airline Partner at US Open for 14th consecutive yea ..

31 minutes ago
 PM for swift relief, recovery measures in flood-hi ..

PM for swift relief, recovery measures in flood-hit areas amid anti-encroachment ..

23 minutes ago
 Collective steps crucial for improving primary edu ..

Collective steps crucial for improving primary education as it backbone of count ..

23 minutes ago
 SU Institute of Sindhology, Art & Design ink MoU t ..

SU Institute of Sindhology, Art & Design ink MoU to promote art, culture of Sind ..

34 minutes ago

More Stories From Pakistan