Abb Takk News

Court Orders Transfer Of Money Laundering Case To Islamabad

KARACHI: A banking court on Friday ordered to transfer the case pertaining to mega money laundering scam and fake bank accounts to Islamabad.

The banking court during a hearing on a petition filed by National Accountability Bureau (NAB) ordered to transfer the money laundering case to Islamabad from Karachi.

The banking court reserved its judgment during the last hearing on Monday.

The court also ordered to withdraw the bail granted to the former president and Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari, his sister Faryal Talpur and others accused in the case. The banking court also ordered to cancel the bail bonds of all suspects of the case.

Earlier in February, NAB filed a petition seeking the transfer of the case to the accountability court of Rawalpindi for trial after the approval of anti-graft body’s chairman.

The former president appeared before the banking court while his sister remained absent from hearing.

After the announcement of the verdict Omni group chairman Anwar Majeed’s sons Nimr Majeed, Zulqarnain Majeed and Ali Kamal fled from the court.

After the hearing, the former president said, “There is no such impact if the case is transferred somewhere else.”

While Zardari’s counsel Farooq H. Naek said, “We will consult before taking any further step.”

“The NAB’s chairman has right to issue arrest warrants,” he added.

“This reference will be converted into an FIR,” he concluded.

Earlier on March 11, the banking court, extending interim bails of all suspects in money laundering scam case has reserved its verdict on National Accountability Bureau’s plea of moving the case to Islamabad from Karachi.

According to details, a banking court in Karachi resumed hearing of the fake bank accounts and mega money laundering case.

All suspects including Faryal Talpur, Anwer Majeed and others appeared before the court on this occasion, however, former president Asif Ali Zardari excused from appearing.

Counsel Farooq Naek filed exemption plea for his client Zardari. “The former president is busy in National Assembly sessions. Therefore, it is pleaded to the court to allow exemption from today’s hearing”, stated the plea.

As the hearing went underway, counsel Farooq Hamid Naek raised objection over NAB’s filed plea for moving the case to Islamabad. In his arguments, Farooq Naek stated that the shifting of the case should not take place since the Supreme Court has not said anything of such sort.

Counsel Farooq Naek said that inspection of NAB ordinance 16 is need of the time. “NAB has made the wrong claim that Supreme Court has ordered to file the case. There is no mention of FIA case in the proposed report of JIT”, stated the counsel.

On this occasion, NAB Prosecutor, in his turn to present the arguments, stated that Chairman NAB Justice (Retd.) Javed Iqbal had approved moving of case to Islamabad.

He added that approval for shifting of the case was done in the light of Apex court’s order.

Later, after listening to arguments of both parties, banking court extended interim bails of all suspects and approved plea of accountability watchdogs to move the mega money laundering case to the federal capital from Karachi.