ISLAMABAD (Agencies) Chief Justice of Pakistan Justice Iftikhar Muhammad Chaudhry has regretted that everyone is busy in looting the national wealth, but it must be recovered at all costs. A three-member bench headed by Chief Justice Iftikhar Chaudhry here Wednesday questioned the logic behind keeping owner of Zarco Exchange Company behind bars once he was ready to pay back money to all affected people. He made this observation while conducting hearing of bail plea of Syed Lakhat e Hasnain, owner of Zarco. The Chief Justice asked FIA officials as to what would happen if he was granted bail and all payments were made to affected people. He also directed SM Zafar, counsel for the petitioner, to seek instruction from his client over the issue and apprise the court. SM Zafar argued that his client did not commit a crime which was not bailable. He said the Company started its business in 2003 as a full fledged foreign exchange company and paid up around Rs 50 million to State Bank as reserves while starting business with a capital of around Rs200 million. The Company had 760 branches across the country and brought about $1.5 billion to the country and being a huge profit earning company it won various awards in 2006, 2007, 2008 and other international awards. He said State Bank moved FIA on the apprehension that foreign capital was being taken out of the country and certain persons in the company were receiving money through illegal transaction. He said everything was turned topsy turvy after the company was raided and its money was stuck up. He said everything which took place in the transactions was properly conveyed to SBP. S.M. Zafar questioned that the FIA did not proceed against those persons nominated by his client in FIR, rather their business was hit and bails were denied. Justice Anwar Zaheer Jamali remarked that concerned authorities should also take into consideration the consequences of closure of such institution. The Chief Justice also directed him to submit certified copies of documents. The hearing was adjourned till today (Thursday).