In the Money Laundering case, former President Asif Ali Zardari and his colleague Faryal Talpur extended further intervention for January 23.
Earlier on December 22, the banking court extended extension to former president Asif Ali Zardari and Faryal Talpur in the Money Laundering case until January 7.
During the hearing, the lawyer of the court has requested the court to order the FIA to submit the final challenge.
On which the court said that the Supreme Court had stopped us from the action, we can not take further action without the permission of the court.
After which the court adjourned the hearing by preliminary hearing of Asif Zardari and Faryal Talpur till January 23.
In the last incident, the FIA officials told the court’s query that the JIT report had been submitted to the Supreme Court and the verdict is awaiting.
According to this, Asif Zardari’s lawyer Farooq Naik said that there would be no progress in the case until the final challan comes.
It is clear that the Federal Investigation Agency (FIA) has not yet submitted the final challenge in the court, but in the case of bogus bank accounts, the report of Joint Investigation Team (JIT) has accused Asif Zardari and Faryal Talpur for having owing assets more than their income.
The report mentions transactions from Faryal Talpur’s signatures from four fake bank accounts. Sources say that Faryal also looks at Zardari’s financial affairs group and company.
The JIT report also mentioned the controversial role of Muzaffar Tappi with Asif Zardari and Faryal Talpur, head of the private bank and the UAE citizen Nasir Abdullah Lotha.
Money Laundering / Counterfeit Bank Accounts Case Background
According to the FIA officials, Money Laundering case was raised in the first time in 2015 by the State Bank, when the central bank has sent the FIA report of suspicious repatriation.
According to the official’s claim, the bank manager administered fake accounts after the administration and administration called Omni Group. All these accounts were opened for 6 to 10 months in 2015, through which money laundering was made, according to the available documents, money laundering amount is 35 billion.
The inquiry was received on the order of director FIA Sindh on suspicious transaction report, and in March 2015 four bank accounts were found in suspicious transactions.
According to the FIA authorities, all bank accounts were found in Omni Group, the inquiry was recommended, but due to political pressure, it was not possible at that time.
In December 2017, STRs were sent to the State Bank of Pakistan once again, in which reports were suspicious. The number of fake accounts was 29, out of which 16 of the Summit Bank, Sindh Bank 8 and 5 fake accounts were opened in UBL.
Initially, only the bank employees were questioned, but after inquiry Zia Malik, Aslam Masood, Arif Khan, Hussain Lawai, Nasir Lutha, Taha Raza, Anwar Majeed, AG Mujahid, were issued a notice to others while the names were also inserted in the stop list.
Authorities said that after the investigation it seems that the money was collected from illegal sources, after all these investigations, it was decided to file a case of fake accounts and money laundering.
Omni group head Anwar Majid and his brother Abdul Ghani Majeed, besides Nader Majeed, are also arrested in the same case.
On the other hand, the Supreme Court also took notice of the Mega Money Laundering case, creating a JIT.
In the case, former president Asif Ali Zardari and his fellow Faryal Talpur were also investigated when the PPP’s chairman Bilawal Bhutto Zardari also sent his reply to JIT.
In its report submitted in the Supreme Court on December 24 last year, JIT has declared former President Asif Ali Zardari and Omni Group responsible for getting benefits through fake accounts. The court froze Omni Group’s assets.
On the other hand, 172 people involved in the JIT report were named in the Exit Control List (ECL), including names of PPP leaders Asif Ali Zardari and Bilawal Bhutto Zardari, including Anwar Majeed, his family.