Rava is an online news portal providing recent news, editorials, opinions and advice on day to day happenings in Pakistan.
KARACHI: Former president and Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari will appear before a local banking court in the long overdue money laundering case today (Friday – 31st August).
On August 17, the local banking court had issued non-bailable arrest warrants for Zardari and other absconding suspects in the ongoing probe. However, on August 18, the Islamabad High Court (IHC) approved the former president’s petition for protective bail in the case.
The IHC had ordered the former president to appear before the relevant court on September 3 and he is expected to appear before the banking court today (Friday – 31st August).
Ahead of Zardari’s arrival, a bomb disposal squad scanned the court premises and gave the clearance.
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 in July 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 earlier this month. Majeed’s three other sons have been granted interim bail.
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.
If FIA sources are to be believed, the amount is said to be black money gathered from various kickbacks, commissions and bribes.