Order in the Case of Asim Naqvi

August 24, 2020

A detention hearing in accordance with 18 U.S.C. § 3142(f)(2)(A) was held in this case on August 21, 2020. The Defendant, Asim Mujtaba Naqvi, is charged by Criminal Complaint with Violations of the International Emergency Economic Powers Act, in violation of Title 50, United States Code, Sections 1701-1705. The statutory penalty is up to twenty (20) years of imprisonment. 50 U.S.C. § 1705. After considering the facts in this case and under the Bail Reform Act, the Court DOES NOT REQUIRE Defendant’s detention pending trial in this case.

This Court finds that there are conditions or combination of conditions that will reasonably assure Defendant, Asim Mujtaba Naqvi’s, appearance as required. Therefore, IT IS ORDERED that Defendant’s bond be set at $5,000,000.00, with a $10,000.00 deposit, five (5) co-sureties, along with any other standard conditions recommended by Pretrial Services including surrendering all passports and not obtaining any new passports.

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