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Fake bank accounts case: court sends accused on physical remand

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Shah Khalid
Shah Khalid
Shah Khalid Hamdani is Senior Courts/Sports Correspondent at ARY News

ISLAMABAD: An accountability court on Tuesday handed over Shabir Bambat and Jabbar Memon in custody of National Accountability Bureau (NAB) on a nine-day physical remand, ARY News reported. 

Both were taken into custody by the anti-graft watchdog body from Karachi, on Sunday night, in fake bank accounts case.

The suspects were presented in the court of AC Judge Muhammad Bashir amid tight security.

The NAB team requested the court to hand over the accused on 14 days remand, while the court approved remand of 9 days.

The suspects are accused of causing eight billion loss to the national exchequer, through illegal allotment of land.

Last week, the NAB had arrested Aftab Memon, the close aide of former president Asif Ali Zardari.

Aftab Memon is the secretary of Karachi Development Authority who is accused of illegally allotting 7,000 acre land to frontmen of political personalities, sources further said.

The unlawful allotment incurred Rs800 million loss to the national kitty as per NAB sources.

Money laundering case

Asif Ali Zardari, his sister Faryal Talpur and other accused are facing a probe into the money laundering scam involving over Rs35 billion laundered through fake bank accounts.

Zardari’s close aides Hussain Lawai and Anwar Majeed are also being investigated in the scandal. They both are in custody.

A Joint Investigation Team (JIT) formed to probe into the mega money laundering scam submitted its report in the Supreme Court. The report revealed that 29 fake bank accounts had been identified, which were used for money laundering.

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