Removal of Saeed Ahmed as president of National Bank declared justified by IHC

The removal of Saeed Ahmed as the president of National Bank of Pakistan (NBP) was declared justified by the Islamabad High Court (IHC) on Monday.

The high court announced its verdict rejecting the petition of former president NBP against his dismissal from the post of president of NBP.

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According to law, the high court observed, a reference was filed against Saeed Ahmed on the allegations of money laundering for former finance minister Ishaq Dar, “considering that the accused should have tendered his resignation himself.”

Moreover, the IHC stated, if the hearing on a money laundering reference is underway against the accused then the high court is helpless; giving a verdict in favor of Saeed Ahmed will not meet the standards of justice, the IHC added.

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