Karachi (November 13, 2018): Former President of Pakistan Asif Ali Zardari and his sister Faryal Talpur appeared before the banking court today, which extended their interim bail in money laundering case till December 10.
According to details, Banking Court has granted an extension in interim bail of Asif Zardari and Faryal Talpur till December 10 in today’s hearing.
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Furthermore, former Pakistan Stock Exchange Chairman Hussain Lawai, Omni Group Chief Anwar Majeed and his son Nimr Majeed were also present in the hearing.
The brief hearing was adjourned after the judge granted the extension to the Pakistan People’s Party (PPP) leaders in a case which is also being heard by the Supreme Court of Pakistan.
Moreover, the Joint Investigation Team (JIT) constituted by the Supreme Court is also investigating the case.
Earlier on October 16, Asif Ali Zardari along with his sister, Faryal Talpur, appeared before the banking court in money laundering case.
Onmi Group Chairman Anwar Majeed’s three sons, Zulqurnain, Ali and Nimr, also appeared before the court in Karachi.
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However, the case was adjourned till November 13 (today) as the judge hearing the case was on holiday.
Earlier on October 04, banking court hearing a multi-billion rupee money laundering case ordered authorities to declare five absconding suspects proclaimed offenders.
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Further, the judge also issued directives to collect asset details of the offenders.
During yesterday’s proceedings, the banking court had sought the Supreme Court’s (SC) advice on Omni Group’s plea to unfreeze its account.
The petition was filed in relation to a money laundering case against Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari and his sister Faryal Talpur. The former’s close aide and Omni Group chairman Anwar Majeed and his son, Abdul Ghani, were also accused in the case.
Money Laundering Case
The case was initially registered in 2015 against former Pakistan Stock Exchange chairman Hussain Lawai, who is widely believed to be close to former president Zardari.
Later, seven individuals, including Zardari and Talpur, were said to have been found involved in using those accounts for suspicious transactions which totalled Rs35 billion. The accounts were allegedly used to channel funds received through kickbacks.
Last month, Lawai and banker Taha Raza were detained and booked for allegedly facilitating the opening of 29 ‘fake’ accounts through which suspicious transactions were made to different companies, including M/s Zardari Group.
Talpur had also obtained an interim pre-arrest bail in the case in the sum of Rs2 million.
Both the siblings are facing corruption charges relating to fake accounts and fictitious bank transactions worth Rs35 billion.
Both Zardari and Talpur face allegations that they had illegally channelled funds through the said accounts in connivance with the chief executive officers of major banks.
In August, the siblings had also appeared before a joint investigation team of the FIA in Islamabad to record their statement in the multi-billion rupee money laundering and fake bank accounts case open against them.
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