IHC rejects bail plea of to India-linked cryptocurrency trader

By: News Desk      Published: 01:19 PM, 12 Nov, 2021
IHC rejects bail plea of to India-linked cryptocurrency trader
File photo.

Islamabad High Court (IHC) on Friday rejected the post-arrest bail plea of ​​accused Muhammad Asghar who was involved in cryptocurrency trading and was in contact with Indian people via Instagram—American photo and video sharing social networking service, reported 24NewsHD TV channel.

The court issued the reserved judgment after hearing the arguments of both parties. IHC CJ Justice Athar Minhallah and Justice Amir Farooq delivered the verdict. 

Deputy Attorney General Syed Muhammad Tayyab Shah represented the FIA in the court. 

“The accused was involved in communication with Indians through Instagram and was planning of terrorism,” the FIA maintained.

The FIA also seized gold and foreign cryptocurrency from the accused’s possession and also recovered Rs640 million from the accused’s account. 

Deputy Attorney General argued, “Cryptocurrency trading was conducted in dollars and it is an illegal trade.”  

He apprised the court that the FIA had also arrested a woman in this case.