Home / News / Top News / Zardari to appear before SC in money laundering case immediately: sources | Pakistan

Zardari to appear before SC in money laundering case immediately: sources | Pakistan

The Supreme Court Monday summoned Asif Zardari, his sister Faryal Talpur and others in a case relating to Rs35 billion money laundering rip-off. — Geo News FILE

ISLAMABAD: Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari will appear before the Supreme Court of Pakistan in a money laundering case on Thursday, sources knowledgeable Geo News.

On Monday, the Supreme Court had summoned Zardari, his sister Faryal Talpur and others in a case relating to Rs35 billion money laundering rip-off. In a suo-motu discover, the court docket had ordered the duo to appear before it on July 12.

Sources stated the previous president determined to appear before the apex court docket after session along with his group of authorized advisers. He will attain Islamabad from Lahore tonight.

Earlier on Wednesday, experiences instructed that Zardari’s counsel would characterize him in the case before the apex court docket.

The Federal Investigation Agency (FIA) is investigating 32 individuals in relation to money laundering from benami accounts, underneath which Zardari’s shut aide Hussain Lawai was additionally arrested earlier.

The names of the previous president and his sister have already been positioned on the Exit Control List — barring them from travelling overseas.

The PPP co-chairman denies involvement in the rip-off.

Speaking throughout an interview on Wednesday, he stated that he’ll face the bogus instances like he did in the previous, including that he was despatched discover of Rs150 million reasonably than propagated Rs35 billion.

He additionally stated that it was the time for election, not for accountability, and that his social gathering wouldn’t boycott the forthcoming polls.

“We won’t give anyone opportunity by boycotting the election,” he added.

The probe

The FIA inquiry began when the monetary monitoring unit of the State Bank of Pakistan generated a ‘suspicious transaction report’ in January this yr concerning ten financial institution accounts.

Sources keep that over 20 ‘benami’ accounts at a personal financial institution have been opened in 2013, 2014 and 2015 from the place transactions price billions of rupees’ have been made.

The quantity in accordance to FIA sources is claimed to be black money gathered from numerous kickbacks, commissions and bribes. But regardless of these big transactions, the financial institution authorities by no means reported them to the authorities involved together with the FIA.

On Sunday, the Supreme Court ordered to place the names of heads of three non-public banks concerned in the rip-off on the ECL.

The order got here as Chief Justice of Pakistan Justice Mian Saqib Nisar took discover of the gradual tempo of inquiry into the case.

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