Abb Takk News

Court Reserves Verdict On Moving Money Laundering Case To Islamabad

KARACHI: Banking Court on Monday, 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.