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KHURRAM IFTIKHAR vs FEDERATION OF PAKISTAN through Secretary, Interior Division, Islamabad Ss — 2022 PCrLJ 1665 ISLAMABAD

Case information

Citation
2022 PCrLJ 1665 ISLAMABAD
Court
Islamabad High Court
Year
2022
Reporter
PCRLJ
Parties
KHURRAM IFTIKHAR vs FEDERATION OF PAKISTAN through Secretary, Interior Division, Islamabad Ss
Subject matter
Criminal
Provisions referred to
S. 5; S. 177---C; Criminal Procedure Code (V of 1898)

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

KHURRAM IFTIKHAR VS FEDERATION OF PAKISTAN through Secretary, Interior Division, Islamabad Ss. 409, 109 & 34---Prevention of Corruption act (II of 1947), S. 5(2)---Criminal Procedure Code (V of 1898), S. 177---Constitution of Pakistan, art. 199---Constitutional petition---Quashing of FIR---Territorial jurisdiction of trial and inquiry---Petitioners were accused of causing loss to national exchequer by sale of shares of their company at place "K"---Jurisdiction of High Court at place "I" was invoked but subsequently High Court at place "K" quashed proceeding against co-accused persons---Validity---Jurisdiction in the matter had already been assumed by High Court at place "K", therefore, High Court at place "I" lacked jurisdiction to entertain the matter for the reason: that impugned transaction of sale and purchase of shares was made at place "K"; that initial offer of purchase of shares was made at place "K"; that sale price of shares was made at place "K"; that seller company was listed at Karachi Stock Exchange; that petitioner's companies were registered and incorporated at "K"; that whole transaction was complete at place "K" and no part of it was accomplished at place "I"; that inquiry was directed by Director Federal Investigation agency at place "K" without any intervention of Head Office; that FIR was lodged at place "K" and all relevant evidence was there; that illegal acts were committed at place "K" and dominant cause had accrued there; that there was no allegation against Securities and Exchange Commission of Pakistan nor any relief was claimed against it; that nothing was urged against any functionary at place "I"; and that agitating grievance of filing petition at place "I" was without any cause---High Court declined to interfere in the matter---Constitutional petition was dismissed, in circumstances.

Other judgments reported in 2022 PCRLJ

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