Banking court on Monday (March 11) has reserved verdict on a request made by the National Accountability Bureau (NAB) chairman seeking the transfer of the case pertaining to mega money laundering through fake accounts, against Pakistan Peoples Party (PPP) Co-chairman Asif Ali Zardari, his sister Faryal Talpur and others to the accountability court of Rawalpindi for trial. According to details, the verdict will be announced on March 15.
As the hearing began, Zardari’s counsel, Farooq H Naik, submitted a request for exemption from hearing on behalf of the former president which was accepted by the court. The NAB prosecutor, however, said, “This is a federal court not a provincial one. Sixteen references are being prepared on the Supreme Court’s orders, thus the case should be transferred from Karachi to Islamabad.”
The FIA investigated 32 people including Zardari and his sister Faryal Talpur, in relation to money laundering from over 20 ‘benami’ accounts, opened in 2013, 2014 and 2015 for transactions worth billions of rupees. Zardari’s close aide Hussain Lawai was arrested in July in connection with the probe. The amount, according to FIA sources, is said to be black money gathered from various kickbacks, commissions and bribes.
The Supreme Court on Jan 16 in a detailed judgment, authored by Justice Ijazul Ahsan directed to transfer the JIT report and all the material collected by the team to the National Accountability Bureau (NAB) immediately. The court directed the NAB to prepare the references.
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20 September, 2019