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Fake bank accounts case

Fake bank account case were discovered in Pakistan few years back in which many politicians, business owners and other civilians were involved. In Pakistan money laundering will lead toward a decade of imprisonment.

Illegal property, money or any assets which the accused wanted to show legal is known as money laundering normally black money is shown as white & legally earned.

These fake accounts do contain the money in them but the money does not belong to the owner of the account. Normally the account owner is unaware of this money, for this purpose his name and national identity is used to open the accounts.

Nation has encountered multiple fake accounts with millions of dollars in them. Fake bank account case has been registered against multiple people including senior politicians and well known business owners.

SC issues written order of Dec 31 hearing of fake bank accounts case

ISLAMABAD: The Supreme Court (SC) has issued a written order of December 31st hearing of money laundering through fictitious bank accounts case. As per the written order issued on Wednesday, the apex court said, the observation of Joint Investigation Team (JIT) related to Farooq Naek, the legal counsel of Asif Ali Zardari, were 'irresponsible'. The decision of nullifying the observation, pertaining to Farooq Naek, will be deliberated by the Supreme court while further reviewing the JIT report, the order read. The…

SC to hear fake bank accounts case today

ISLAMABAD: The Supreme Court(SC) will hear fake bank accounts case involving Pakistan People's Party (PPP) Co-Chairperson Asif Ali Zardari his Faryal Talpur and other party leaders on Monday (today), ARY News reported. As per details, former president, Asif Ali Zardari, PPP Chairman, Bilawal Bhutto Zardari and Chief Minister Sindh Murad Ali Shah will not appear before the two member bench of the top court. A team of lawyers will appear before the apex court today in their defense. A two-judge bench of the apex court,…

Interim order: SC orders seizure of fake bank accounts record

LAHORE: The Supreme Court on Saturday issued an interim order in the fake bank accounts case, directing the authorities to freeze all such accounts and furnish their record before the court.  The top court banned the sale and purchase of all properties identified in the report of a Joint Investigation Team probing the mega money laundering scam. The properties included Opal 225, Park Lane, etc. Besides, it ordered monitoring of transactions into the accounts identified by the JIT. At the previous hearing, the apex…

SC requested to reject JIT report in fake bank accounts case

ISLAMABAD: Incarcerated Omni Group Chairman Anwar Majeed and his son Abdul Ghani Majeed on Saturday requested the Supreme Court to reject a Joint Investigation Team (JIT) report in the fake bank accounts case.  Both the accused, who have been indicted in the JIT report along with PPP Co-Chairman Asif Ali Zardari, his sister Faryal Talpur and party chairman Bilawal Bhutto Zardari, submitted their response through their lawyer to the apex court in the wake of the JIT report. They contended in the response that the JIT…

Supreme Court to hear fake accounts case on Nov 12

KARACHI: The Chief Justice of Pakistan has fixed hearing of the fake bank accounts case on November 12 (Monday), ARY News reported. A bench of the Supreme Court headed by Chief Justice Mian Saqib Nisar will hear the case. The court has issued notices to Director General FIA, Advocate General Sindh and the Prosecutor General of the National Accountability Bureau (NAB). A summon has also been issued to Nimar Majeed, a son of the owner of OMNI Group Anwar Majeed, to appear before the court in personal capacity. A…

FIA detects Rs 173 mln in bank account of jobless boy from Jhang

KARACHI: In connection with an ongoing probe into money laundering case against Asif Ali Zardari and his aides, the Federal Investigation Agency (FIA) on Tuesday unearthed another fake bank account of an unemployed youth having millions of rupees.  According to details, the FIA discovered that an account in a private bank in Karachi contained Rs 173 million, is owned by a jobless man, Asad Ali, from Jhang. The investigation agency has brought Ali to Karachi for questioning. Ali's brother has refused that his brother…

FIA gets Rs10m grant to probe fake bank accounts case

ISLAMABAD: The Ministry of Interior has approved a grant of ten million rupees for the Federal Investigation Agency (FIA) to probe the case of money laundering through fake bank accounts. Director-General FIA Bashir Ahmed Memon had on September 4 written to the interior ministry seeking funds for any expenses incurred by the investigation team probing the case. Memon has also requested that the FIA wanted to hire the services of a legal and chartered accountant firm to help in the investigation. He had requested a…

Funds withdrawn from Omni Group’s frozen bank accounts, SC told

ISLAMABAD: The Supreme Court was informed on Friday that millions of rupees were withdrawn from the Omni Group’s bank accounts, which were supposed to be frozen on its directives. This disclosure came in a report submitted by the Federal Investigation Agency (FIA) to the apex court in a fake bank accounts case. The FIA informed that funds were transferred from the accounts, which were supposed to be frozen on the directives of the apex court. These accounts belong to six companies owned by the Omni Group. It is…

Why Zardari, Faryal Talpur put on ECL, questions CJP

ISLAMABAD: Supreme Court on Thursday resumed proceedings into fake bank accounts case involving former president Asif Ali Zardari, his sister Faryal Talpur and others. The PPP chairperson didn't turn up before the court and he was represented by his counsel Farooq H. Naek. During the hearing, Chief Justice Saqib Nisar questioned why the names of Mr. Zardari and Ms Talpur were placed on the Exit Control List (ECL) despite no such orders issued from the apex court. “We’ve not issued any such order that may tarnish…