FIA arrests former chairman EOBI Zafar Gondal

According to details, Zafar Gondal was wanted to the FIA Lahore for his alleged involvement in six different corruption cases. Gondal had pleaded the Supreme Court (SC) for pre-arrest bail, which was rejected earlier today and the apex court ordered for his arrest.

During the hearing, FIA officials took the stance that the former chairman of EOBI is wanted to the FIA regarding the investigations of the cases against him, while the accused has also not attained bail.

It was further said that the federal agency is not harassing the accused, but it is contacting him to cooperate in the investigations.

At this, the apex court asked Zafar Gondal to apply for bail and if fails to obtain it then the FIA should arrest the accused and continue the investigations of the cases against him.

The FIA, after the hearing of the case, arrested the former chairman of EOBI from the court premises.

Gondal had allegedly violated EOBI’s investment rules to buy lands in Lahore, Islamabad and Karachi at exorbitant prices, during the tenure of Pakistan Peoples Party (PPP)’s government.

The former chairman of EOBI had purchased 18 properties that amounted up to Rs 34 billion from different parties through doubtful agreements.