NAB reviews initial findings on fake accounts case

NAB NAB chairman Fake bank accounts money laundering Justice JAved Iqbal
07 Feb, 2019 10:38 pm

ISLAMABAD (92 News) – The National Accountability Bureau (NAB) on Thursday – after examining initial findings in the fake bank accounts case – constituted various teams to further investigate into the matter based upon an evidence-based approach.

According to the details garnered, NAB chairman (r) Justice Javed Iqbal presided over a high-level meeting in the bureau’s office in Rawalpindi. The meeting analysed various aspects of initial findings in the investigation and concluded that the Supreme Court directions in the fake account case.

In the meeting, it observed a possibility of transferring the case from the banking court to an accountability court under section 16-A (a) of the National Accountability Ordinance (“NAO”), 1999.

In this regard, sixteen other cases are being investigated by the NAB and the initial findings were sent to the department’s headquarter while the bureau has sought more relevant information from the concerned departments.

The teams are directed to record statements concerning the case in Karachi and Rawalpindi. Javed Iqbal said that the NAB would proceed with the investigation according to the Constitution of Pakistan and on the basis of substantial evidence, transparency and merit.

The NAB chairman asked the media to refrain from any speculations in the matter.

NAB prepares initial report on fake bank accounts case

On Feb 3, the National Accountability Bureau’s (NAB) office in Rawalpindi has prepared a report based on initial findings in the case pertaining to fake accounts.

A combined investigation team (CIT) has also been constituted in the light of JIT report to process probe to the next stage. The NAB is currently investigating 16 different cases pertaining to fake accounts.


The report states that investigation was being carried out on the basis of merit. The accountability officials have also taken a briefing from the joint investigation team, probing the matter. Further record has also been summoned from relevant officials.

NAB Sindh decides to transfer fake accounts case to Islamabad

The National Accountability Bureau has decided to send the mega money laundering case to Islamabad from Sindh.  An application has been sent to the NAB chairman and prosecutor general for the transfer of the case. The application has been submitted to the banking court hearing the case.

On January 23, the banking court had extended the bail of PPP co-chairman Asif Ali Zardari and Faryal Talpur in the mega money laundering case till February 6.

Asif, Faryal file review petition against Jan 7 verdict

PPP co-chairman Asif Zardari and his sister Faryal Talpur filed a review petition in the Supreme Court against the January 7 verdict in the fake accounts case.

Asif Zardari and Faryal Talpur, in the petition, stated that JIT submitted the report to the Supreme Court without listening to their stance.

They said that the JIT report was based on assumptions and the JIT had recommended further probe into the matter. They demanded that the January 7 verdict be reviewed.




Must Watch