NAB submits progress report over fake bank accounts case in SC

Dunya News

Notices will soon be sent to the parties in the case.

ISLAMABAD (Dunya News) – National Accountability Bureau (NAB) on Friday has submitted its progress report over fake bank account case in Supreme Court (SC).

Four teams of anti-corruption watchdog have been departed to Karachi to collect evidence from Federal Board of Revenue (FBR), Excise and Taxation Department and State Bank of Pakistan. The sources told that notices will soon be sent to the parties in the case.

Earlier today, Sindh government filed a review petition regarding fake bank accounts case in the apex court.

The government pleaded the court to review paragraphs 29-35 and 37 of the January 7 judgment, adding that verbal directives to remove the names of Chief Minister of Sindh (CM) Murad Ali Shah and Pakistan Peoples party (PPP) Chairman Bilawal Bhutto Zardari from Exit Control List (ECL) were issued.

The reference should be filed in Karachi for the transparency of the case, the petition requested.

Money laundering case

On December 24, the Joint Investigation Team (JIT), formed on the apex court’s orders to probe into the alleged money-laundering case, presented its 128-page final report to the court which included recommendations for filing 16 NAB references.

The report had mentioned that 29 fake accounts were identified by the Federal Investigation Agency (FIA) which laundered Rs42 billion, however, the team further discovered 11,500 bank accounts of 924 account holders, 59 Suspicious Transaction Reports (STRs) and 24,500 Cash Transactions Reports (CTRs).

All of these details were scrutinized, besides the loan profile of 924 individuals.

The report further stated that the fake accounts were opened through the Omni Group, however the accounts had been engaged with direct transactions with the Zardari Group, Bahria Town, Sindh Government departments and certain contractors while the ultimate beneficiary of money laundering was Zardari’s family.

Later, the court had ordered Zardari to submit his reply by December 31, however, during the previous hearing extended his and his sister s interim bail till January 7.

On September 6, the SC had formed a JIT to probe into alleged mega money laundering of Rs42 billion channeled through fake bank accounts in three banks.

Besides the Zardari family, several prominent individuals including former Summit Bank president Hussain Lawai and Omni Group president Anwar Majeed, have been accused in the case.

Property tycoon Malik Riaz, his son-in-law Zain, Sindh Chief Minister Murad Ali Shah and PPP Chairman Bilawal Bhutto Zardari have been also included in the inquiry.