Dynamite News Money laundering scam: Zardari's interim bail extended till Jan 23
A banking court here on Monday extended the interim bail previously granted to former Pakistan President Asif Ali Zardari and his sister, Faryal Talpur, till January 23, in connection to a money laundering and fake bank accounts case.
Karachi: A banking court here on Monday extended the interim bail previously granted to former Pakistan President Asif Ali Zardari and his sister, Faryal Talpur, till January 23, in connection to a money laundering and fake bank accounts case.
According to reports that on December 21, the banking court had extended the pre-arrest bail of the former President till January 7, after Pakistan's Federal Investigation Agency (FIA) informed that a joint investigation team (JIT), formed by the Supreme Court of Pakistan for probing the case, had submitted its report, while a decision was yet to be undertaken.
Meanwhile, counsel for the former President Farooq H Naek informed that no progress can be made into the case until a final challan is submitted to the FIA.
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In January last year, an inquiry by the FIA began when the State Bank of Pakistan's financial monitoring unit issued a "suspicious transaction report" on 10 bank accounts. Transactions worth billions were made over the years when over 20 'benami' accounts were opened at a private bank.
At least 32 people were under legal scanner by the FIA for laundering money from fictitious accounts. Zardari, however, had denied such allegations.
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In July, the FIA also arrested Stock Exchange of Pakistan chairman Hussain Lawai, who is considered to be Zardari's close aide. (ANI)