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NAB chairman approves transfer of money laundering case to Islamabad

NAB chairman approves transfer of money laundering case to Islamabad
February 18, 2019
KARACHI (92 News) – National Accountability Bureau (NAB) Chairman Justice (rtd) Javed Iqbal has approved transfer of the money laundering case to Islamabad. The money laundering case against former president Asif Ali Zardari and others transferred to Islamabad; however, in this regard the NAB officials have submitted a letter signed by the chairman of the accountability bureau at the banking court Karachi on Monday. The officials of NAB told the banking court that the Supreme Court has ordered the bureau for investigation of the money laundering case. Chairman NAB Javed Iqbal, on the apex court’s order, has issued directives under clause 16-A of the NAB ordinance, the officials said. The NAB officials pleaded to the banking court to transfer the money laundering case to the accountability court Islamabad. On the petition of NAB, the court issued notices to the lawyers, representing the defendants of the money laundering case for Feb 20 hearing. The apex court also issued notices to the lawyers of Zardari, his sister Faryal Talpur, Hussain Lawai, Anwar Majeed, Abdul Ghani Majeed, Zain Malik including others on February 20.
Sindh govt files review plea in SC Shifting of fake bank accounts
Earlier, the Sindh government filed a review petition in the Supreme Court (SC) pertaining to the fake bank accounts case. “Shifting the hearing of fake bank accounts case to Islamabad will create problems,” the petition stated. “This will create hindrance in conducting a transparent trial.” The petition also stated that all the inquiry records pertaining to the case should be handed over to National Accountability Bureau’s (NAB) Karachi division. “Further inquiries into the case should be carried out in Karachi.” The submitted petition concluded that, “if a NAB reference is prepared then it should be submitted in Karachi.”
On Jan 7, the banking court extended the bail of former president Asif Ali Zardari and his sister faryal Talpur has been extended till January 23. Earlier, Asif Ali Zardari and Faryal Talpur have reached the banking court to seek extension in their bail. Other accused, including Abdul Ghani Majeed and Hussain Lawai, also appeared in court. The accused’s counsel appealed to the court to order the FIA to submit the final challan. However, the court refused to take action without the order of the Supreme Court.
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 JIT members revealed that 29 fake bank accounts had been identified, which were used for money laundering.