ISLAMABAD (92 News) – The Islamabad High Court (IHC) dismissed the bail plea of Asif Zardari and Faryal Talpur in the mega money laundering case on Monday.
The court has also ordered the NAB to arrest both accused.
Earlier, the IHC bench comprising of Justice Aamer Farooq and Mohsin Kayani had reserved the verdict. After the verdict, the NAB team left the court for Parliament House.
During the hearing, the NAB prosecutor completed his arguments. The NAB appealed to the court to reject the bail plea of Asif Zardari.
On the other hand, the PPP has made all arrangements to protest against the possible arrest of Asif Zaradari.
Farooq H Naik, counsel for Asif Zardari, told court that Asif Zardari does not face the charge of assisting anyone in opening the account and he is not an accused in the fake accounts. “The Zardari Group faces the charge of receiving Rs 15 million from fake accounts. It is being said that Zardari had opened the fake accounts. It has been written in all documents that Omni Group had opened the fake accounts,” he said.
The counsel said that the NAB should produce the proofs. “The Zarddari Group has been accused of being the beneficial of the suspected transactions,” he stated.
He argued that the NAB chairman has no power to issue the arrest warrants for Asif Zardari.
Mustafa Nawaz Khokhar, spokesman for PPP chairman Bilawal Bhutto, has asked the workers to be peaceful.
He said that they are waiting for the detailed verdict of the IHC. “We will announce the future course of action in the light of the detailed court verdict,” he said.
Mustafa Khokhar said that important decisions will be made during a meeting of the Central Executive Committee.
NAB issues arrest warrants for Zardari in money laundering case
On May 31, the National Accountability Bureau (NAB) has approved arrests warrants for former president and People’s Party (PPP) co-chairman Asif Ali Zardari in mega money laundering case.
According to the sources, the NAB hopes to get the warrants of arrest implemented by June 10 as the case is fixed before Islamabad High Court where the former president is pleading for his permanent bail.
The corruption watchdog body is reiterating its commitment to implement already issued warrants of arrest against Zardari.
The NAB insists on getting him arrested on the basis of already issued warrants of arrest, approved by Chairman NAB Justice (r) Javed Iqbal. The warrants are part of the record in the accountability court and the IHC.
Responding to the arrest warrants, PPP Secretary General Nayyar Hussain Bukhari said that Zardari has taken interim bail from the IHC, however, this action of anti-graft watchdog body is contempt of court.
He also said that the NAB has lost moral ground, adding that the corruption watchdog body is wasting the time of the courts and the general public.
IHC extends interim bail of Asif Zardari, Faryal Talpur till June 10
A daye earlier, the IHC extended the interim bail of PPP co-chairman Asif Zardari
and Faryal Talpur till June 10. The NAB submitted the record against former president to court.
The court expressed anger when a lawyer spoke during the arguments of the NAB prosecutor. The NAB prosecutor contended that Asif Zardari is the director of Park Lane Company and directly or indirectly beneficiary of the fake accounts.
Talking to the media after the hearing, Asif Zardari said that the government’s style shows it will not run. “There is no life of the government. The accountability and economy cannot go side by side. Either accountability will continue or economy will flourish,” he maintained.
Asif Zardari reiterated to launch an anti-government movement after Eidul Fitr.
Money laundering case
The FIA is investigating 32 people in relation to money laundering from fictitious accounts, including Zardari and Talpur. Zardari’s close aide Hussain Lawai was arrested in July in connection with the probe.
The former president’s other close aide and Omni Group chairman Anwar Majeed a close aide and Omni Group chairman and his son, Abdul Ghani, were arrested by FIA in August.
Over 20 ‘benami’ accounts at some private banks were opened in 2013, 2014 and 2015 from where transactions worth billions of rupees were made, according to sources.
The amount, according to FIA sources, is said to be black money gathered from various kickbacks, commissions and bribes.