Karachi (October 02, 2018): Banking Court on Tuesday has ordered Omni Group to contact Supreme Court for unfreezing of its accounts.
Banking court today heard the case pertaining to the freezing of 19 bank accounts of OMNI Group.
As per directions of the supreme court, accounts cannot be unfrozen, affected party should contact the apex court in this matter. said court.Earlier on September 22, 19 accounts of Omni Group were frozen by three different banks on directions of Federal Investigation Agency (FIA) in probe pertaining to money laundering through spurious bank accounts.
As per details garnered, cash over Rs330 million had been stashed in these frozen accounts. Following FIA’s order, National Bank, Summit Bank and Sindh bank have frozen accounts of the conglomerate.
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Omni Group moved court against FIA’s order in bid to reopen the accounts.
The court has summoned reply from FIA whereas notice has been issued to the prosecutor of FIA in this regard.
According to the FIA, 29 accounts were opened in the name of seven people, including a woman. The agency said that 18 to 19 of the ‘fake’ accounts were opened in the Summit Bank alone.FIA sources said that these accounts were used for money laundering with the accounts mainly being operated by a businessman, Anwar Majeed who is said to be very close to Zardari and his business partner.
Background Of The Case:
The FIA is investigating 32 people in relation to money laundering from fictitious accounts, including Zardari and his sister Faryal Talpur. Zardari’s close aide Hussain Lawai was arrested last month in connection with the probe.The former president’s other close aide and Omni Group chairman Anwar Majeed and his son, Abdul Ghani, were also arrested by FIA.
Over 20 ‘benami’ accounts at some private banks were opened in 2013, 2014 and 2015 from where transactions worth billions of rupees were made, according to sources.
The amount, according to FIA sources, is said to be black money gathered from various kickbacks, commissions and bribes.