SC reschedules Zardari’s money laundering case hearing as no notice was received by him to appear before the court today

SC reschedules Zardari’s money laundering case hearing as no notice was received by him to appear before the court today

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Earlier, former president of Pakistan and co-chairman Pakistan People’s Party (PPP), Asif Ali Zardari, is expected to appear before the Supreme Court today in the money laundering scam.

Heightened security measures were put in place at the Supreme Court on Thursday over expected appearance of former president Asif Ali Zardari in a money-laundering case, however senior leader of the Pakistan People’s Party Farhatullah Babar informed that the PPP chairman will not appear before the court today.

Babar says no notice had been received asking Mr. Zardari to appear before court in person. The lawyers are currently looking into the matter, he said.

Earlier, on July 11, The Supreme Court on July 9 summoned Zardari, his sister Faryal Talpur and others in a case relating to a Rs35 billion money-laundering scam.

Sources reported that two junior counsels of the former president’s lawyer, Farooq Naek, appeared before the FIA State Bank Circle and submitted the reply.

According to the reply, which has been submitted, Zardari and his sister Faryal Talpur will appear before the Investigative Agency after the July 25 general elections as both are contesting in the upcoming polls.

Earlier, senior lawyers have suggested former president Asif Ali Zardari to not appear before the Federal Investigation Agency (FIA) in the money laundering scam.

Former president was briefed by senior leaders of PPP including Farooq Naik, Latif Khosa, Aitzaz Ahsan and Nayyar Bokhari on the case. According to the sources, they advised him against appearing before the FIA.

The counsel also, according to reports, said Zardari’s appearance in court will depend on the nature of proceedings.

However, PPP leader Aitzaz Ahsan on Tuesday evening said his party’s co-chairman had no connection with the Rs35billion money laundering case.
Addressing a press conference alongside party leaders Sherry Rehman and Farhatullah Babar, Mr. Ahsan said the FIA notice pasted outside Bilawal House only demands explanation about a Rs15million cheque credited into Asif Ali Zardari group’s account not money laundering as reported by a section of media.

“We also reject this allegation (about the Rs15million cheque) and will defend it in the court but the impression being given to public about some Rs35billion scam is entirely wrong as the matter upon which Zardari and Faryal Talpur’s names were put on ECL involves only Rs15million, an allegation (PPP co-chairman’s counsel) Farooq Naik will refute at any suitable platform,” he added.

On Tuesday, FIA officials pasted notices at the entrance of Bilawal House and Ms Talpur’s house in Karachi’s DHA, asking the PPP leaders to appear before an investigation team.

The notices, according to the officials, were pasted outside their houses after their staff refused to receive them.

On Monday, the names of the Pakistan Peoples’ Party (PPP) chairman and his sister were placed on the Exit Control List (ECL) on Supreme Court’s orders, according to sources.

Moreover, Supreme Court of Pakistan has also summoned Pakistan People’s Party (PPP) co-chairman and his sister along with 20 others on July 12 in relation to the money-laundering case.

Zardari and his sister, Faryal Talpur, have been summoned at 10 am today to record their statements in the money laundering case.

FIA summons Zardari, Talpur 

The Federal Investigation Agency (FIA) issued notices on July 10 to former president Asif Ali Zardari and his sister Faryal Talpur and summons them in money-laundering scam.

Zardari and Talpur have been summoned on July 11 to record their statements in the money launderingcase of Rs 35 billion against them.

Federal Investigation Agency (FIA) Inspector, Muhammad Ali, issued notices to the siblings to appear before FIA’s State Bank Circle in Karachi.

Inspector General (IG) Sindh, Amjad Javid Saleemi, has been directed by the Supreme Court to ensure their presence for the hearing.

Prior to this, on July 6, the FIA arrested Stock Exchange of Pakistan chairman Hussain Lawai, who is considered to be a close friend of Zardari. The FIA officials maintain that 32 people, including Lawai, are being investigated for laundering billions of rupees through fictitious bank accounts.

Earlier, in last week, the FIA had registered a case in Karachi over a money-laundering scandal of Rs 35 billion said to implicate politicians, businessmen and bankers.

The JIT designed by the FIA probes thoroughly into the mater. Moreover, the team constitutes of the following:
Director FIA Punjab Dr Usman Anwar, Director FIA Sindh Muneer Ahmed Sheikh, Additional Director Banking Circle Karachi Faizullah Korejo, Deputy Director FIA Sindh Ali Mardan Khoso and two deputy directors of FIA Punjab, Chaudhry Mohammad Ahmed and Khalid Anis.

The probe was started by the Investigation Agency when the financial monitoring unit of the State Bank of Pakistan generated a ‘suspicious transaction report’ in January this year regarding ten bank accounts.

According to the details almost 20 ‘benami’ accounts at a private bank were opened in 2013, 2014 and 2015 from where transactions worth billions of rupees’ were made. The amount, according to the FIA, is said to be black money gathered from various kickbacks, commissions and bribes.

However, despite these huge transactions, the bank authorities never reported them to the authorities concerned including the FIA.

Then, the Supreme Court has summoned seven fake bank account holders and 13 beneficiaries on July 12.

The order came as Chief Justice of Pakistan, Justice Mian Saqib Nisar, took notice of the slow pace of inquiry into the case.

 

 

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