A Joint Investigation Team (JIT) formed by the Supreme Court to investigate the fake accounts and money laundering case has submitted its report in the Supreme Court. Omni group owned by Anwer Majeed family and its alleged links with Zardari group owned by former president Asif Zardari and his family was the centre point of this investigation.
JIT has completed the investigation in more than 100 days. The JIT submitted its report in Islamabad which contained eleven boxes of documentary evidence. This is the second major JIT report after the Panama JIT was formed to investigate the allegations against former Prime Minister Nawaz Sharif and his family for having assets in London. Former Prime Minister Nawaz Sharif was disqualified by Supreme Court on the basis of JIT report.
The Supreme Court took suo motu notice of slow progress in the investigations in July. The FIA registered a case of money laundering on July 6 and arrested former chief of Summit Bank Hussain Lawai and senior banker Taha Raza. Later Anwar Majeed and his son AG Majeed of the Omni Group were also arrested. The FIA told the SC that money laundering of Rs37 billion had been done through 29 bank accounts of seven companies.
The investigation of money laundering involving billions of rupees started in December 2015. According to sources in the Federal Investigation Agency (FIA), suspicious bank accounts were unearthed and the owner of a money exchange company taken into custody by an intelligence agency made disclosures about them during investigations.
Initial investigations revealed that suspicious transactions of approximately Rs15 billion had been made through such accounts in the Sindh and Summit banks. Contractor companies working with Sindh government deposited money in the accounts of companies which later proved to be fictitious.
Later these amounts were not only allegedly transferred into the accounts of Omni Group, a bank official and the Zardari Group’s accounts but personal expenses of important leaders of PPP were also paid from them, according to the sources familiar with this case. These included expenses for foreign travel and purchase of luxury vehicles.
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18 February, 2019