Karachi (August 08, 2018): Karachi Banking Court has adjourned the hearing of bail plea of Hussain Lawai in money laundering case till August 9.
According to details, Banking Court heard the bail plea of head of private bank Hussain Lawai and Talha Raza, due to boycott of lawyers Banking Court could not further proceed the case, and adjourned the hearing till August 9.
It is pertinent to mention that counsels of Hussain Lawai and Talha Raza has given arguments on bail plea, while FIA prosecutor has to argue on the matter; investigation officer of FIA did not appear before the court.Banking Court warned in last hearing that if FIA prosecutor will not argue the court will announce its decision.
FIA has declared Asif Zardari, Faryal Talpur absconder in money laundering case.
Earlier in July The Federal Investigation Agency (FIA) arrested PPP Co-Chairperson Asif Ali Zardari’s aide Hussain Lawai on Friday, in a money laundering scam.Twenty-nine accounts belonging to seven people have been used to launder around Rs30 billion in Sindh, according to the FIA, which is being called the ‘biggest money laundering case in Sindh’.
Lawai has served as the chairperson of the Pakistan Stock Exchange and head of Summit Bank.
These people made accounts in three banks, including Summit Bank and Sindh Bank. The accounts are reportedly used by Anwar Majeed, another of Zardari’s close aides, and employees of the Omni Group. Majeed has not appeared in court despite multiple notices being issued to him.Summit Bank alone had 16 accounts with transactions of Rs20 billion. Baharia Town head Malik Riaz’s son Zain Malik and Shahrukh Jatoi’s father Sikandar Jatoi had put money in the accounts. Zain reportedly put Rs2 billion in the accounts.
The FIA has said that it fears that the accounts are used to launder kickbacks from Baharia Town and other housing projects.
Chief Justice Saqib Nisar has taken notice of the money laundering scandal and summoned the FIA’s director general on Sunday, July 8, at 10am.