Money laundering case: Banking court extends Zardari, Talpur's interim bail till March 5
Both leaders had requested the court to extend the pre-arrest interim bail.
KARACHI (Dunya News) – A banking court in Karachi on Thursday extended Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari and his sister Faryal Talpur’s pre-arrest interim bail till March 5 in an ongoing money laundering case.
The interim bail was extended till February 14 (today) in the previous hearing.
Security was beefed up at the banking court. The Federal Investigation Agency (FIA) prosecutor maintained that there is no justification to hear the bail plea, upon which Farooq H. Naek replied the law does not prohibit the hearing.
The court inquired about Ali Abro, and investigation officer told that he is submitting progress report of the case to the Supreme Court (SC) as the case is being moved to Islamabad. The court directed the FIA to submit its statement in writing.
Farooq H. Naek said the top court had directed to shift the National Accountability Bureau (NAB) reference to Islamabad without mentioning the banking court case, and inquired the FIA that why it is not presenting the final challan.
Let it be known that former president Asif Ali Zardari and Faryal Talpur are being probed as part of an investigation into a fake bank accounts case in which billions of rupees were allegedly transferred.
The siblings have been facing accusations that they had illegally channeled funds through the bogus accounts in connivance with the chief executive officers of major banks.
Omni Group chairman Anwar Majeed, his son AG Majeed, former Pakistan Stock Exchange (PSX) chairman Hussain Lawai and banker Taha Raza are also among the accused.
