Asif Zardari got Rs 1.5 billion loans from NBP through fraud: NAB
PPP leader had done corruption and money laundering with the help of his friends: NAB
ISLAMABAD (Dunya News) –An accountability court on Monday issued copies of Park Lane reference against former president Asif Zardari which states that the Asif Zardari had taken Rs 1.5 billion loan from National Bank of Pakistan (NBP) in the name of fake company Parthenon.
NAB said it was proved during the investigation of the case that PPP leader had done corruption and money laundering with the help of his friends. NAB further said the loans were taken by showing fake documents and those loans were then used for personal gains.
According to the reference, Rs 1.5 billion were taken in 2009 and again in 2012 Rs 800 million loans were got. It added that NBP suffered loss of Rs 3.77 billion due this fraud. It further said Asif Zardari as president had forged documents to comply with the loan policy and coaxed the National Bank of Pakistan (NBP) into loan approval.
Asif Zardari was 25% share holder in Park Lane Company and he also made a fake company Parthenon in the name of his employees.
Earlier, an accountability court extended the physical remand of former president and Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari and his sibling Faryal Talpur till August 8 in money laundering through fake bank accounts and Park Lane Estate Company cases.
Justice Muhammad Bashir presided over the hearing of the cases. Police ensured strict security arrangements outside the judicial complex and blocked adjoining roads for routine traffic. The litigant public has been denied entry to the complex.
