KARACHI: Banking court has extended the interim bail of former president Asif Ali Zardari and his sister Faryal Talpur until December 21st in fake bank accounts case.
According to sources, Asif Ali Zardari and his sister Faryal Talpur who appeared before the court this morning were granted extension in their interim bail till December 21st by the banking court.
During the hearing, the investigating officer presented a report on absconding suspects as Zardari, Majeed and his sons and Taha appeared before the court.
The court then adjourned the hearing of the case till December 21st.
Earlier on November 13, Former President of Pakistan Asif Zardari and his sister Faryal Talpur appeared before the banking court which extended their interim bail in money laundering case till December 10.
Furthermore, former Pakistan Stock Exchange Chairman Hussain Lawai, Omni Group Chief Anwar Majeed and his son Nimr Majeed were also present in the hearing.
The brief hearing was adjourned after the judge granted the extension to the Pakistan People’s Party (PPP) leaders in a case which is also being heard by the Supreme Court of Pakistan. The case was initially registered in 2015 against former Pakistan Stock Exchange chairman Hussain Lawai, who is widely believed to be close to former president Zardari.
Later, seven individuals, including Zardari and Talpur, were said to have been found involved in using those accounts for suspicious transactions which totalled Rs35 billion. The accounts were allegedly used to channel funds received through kickbacks.Last month, Lawai and banker Taha Raza were detained and booked for allegedly facilitating the opening of 29 ‘fake’ accounts through which suspicious transactions were made to different companies, including M/s Zardari Group.
Talpur had also obtained an interim pre-arrest bail in the case in the sum of Rs2 million.Both the siblings are facing corruption charges relating to fake accounts and fictitious bank transactions worth Rs35 billion.
Both Zardari and Talpur face allegations that they had illegally channelled funds through the said accounts in connivance with the chief executive officers of major banks.In August, the siblings had also appeared before a joint investigation team of the FIA in Islamabad to record their statement in the multi-billion rupee money laundering and fake bank accounts case open against them. INP