Wednesday, December 7, 2022

Qaim Ali Shah moves IHC for pre-arrest bail in mega money laundering case

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ISLAMABAD: Amid fear of detainment in mega money laundering case, former Sindh chief minister Syed Qaim Ali Shah has moved to Islamabad High Court (IHC) for pre-arrest bail, ARY News reported on Monday.

A petition has been filed by Pakistan People’s Party (PPP) senior leader Qaim Ali Shah in IHC seeking pre-arrest bail in the multi-billion corruption case.

National Accountability Bureau (NAB) Chairman, Director General NAB, investigation officer and others were made parties in the plea.

IHC Registrar Office confirmed receiving the petition by former Sindh CM, stating that the petitioner has no connection with money laundering and his name was included in the case on political basis.

Read More: Zardari, Talpur, other money laundering case accused summoned for Islamabad hearing

It was also sought to provide pre-arrest bail until completion of the hearing.

On Mar 22, An accountability court had also summoned former president and Pakistan People’s Party co-chairman Asif Ali Zardari and his sister Faryal Talpur and other accused on April 08 for the hearing of the money laundering case.

It will be the first hearing of the case after its transfer to Islamabad from Karachi.

Accountability Judge Arshad Malik will hear the case against Asif Zardari, Faryal Talpur, Hussain Lawai, Anwar Majeed and other accused.

Read More: FIA thwarts Rs26 mln money laundering bid in Karachi

Money laundering case

Asif Ali Zardari, his sister Faryal Talpur and other accused are facing an inquiry into the money laundering scam involving over Rs35 billion money 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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