Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari is expected to present himself in the Supreme Court today in money laundering inquiry case.
Strict security measures are at a place in light of former president appearance before the court. On July 9, the Supreme Court had summoned Zardari, his sister Faryal Talpur and others in relation to laundering scam with a Rs35 billion. In a suo motu taken, the court had summoned the duo, alongside others, to show up before it on July 12.
Sources said the previous president has decided to appear before the apex court after consulting his legal advisors. The legal advisors to represent Asif Zardari in money laundering case includes Farooq H Naek, Latif Khosa, and Aitzaz Ahsan.
He was to reach Islamabad from Lahore late Wednesday night. Prior on Wednesday, reported that Zardari’s lawyer would appear for him for before the apex court.
As indicated by sources, the Pakistan Peoples Party (PPP) co-chairperson is among seven others set on the ‘barred list’ — a temporary list of the FIA banning suspects from flying abroad before being placed on the ECL (Exit Control List), officially. Others include Nazli Majeed, Ali Kamal Majeed, Iqbal Khan Noori and Mustafa Zulqarnain.
PPP Chairman Bilawal Bhutto Zardari has likewise called for a meeting on issue developing later in Lahore today.
The FIA registered a case in Karachi week ago over money laundering scam worth Rs35 billion, said to involve lawmakers, representatives, and financiers. FIA detained Stock Exchange of Pakistan executive Hussain Lawai, said to be a close friend of Asif Ali Zardari two days earlier.
FIA authorities keep up that 32 individuals, including Lawai, are under interrogation for laundering billions of rupees through imaginary ledgers.
FIA probe began when FMU(financial monitoring unit) of the State Bank of Pakistan produced a ‘suspicious transaction report’ in January this year.
According to FIA sources are said to be black money gathered from various kickbacks, commissions, and bribes. But despite these huge transactions, the bank authorities never reported them to the authorities concerned including FIA.
The investigators at FIA maintains that sum of amount is black cash accumulated from different kickbacks, commissions, and influences. Yet, regardless of such huge amount of sum transacted through, bank’s administration never made authorities concerning notified including the Federal investigating agency of any suspicion thereon.
The Supreme Court has directed authorities to put the names of heads of three banks on ECL on Sunday, order followed after Chief Justice of Pakistan Justice Mian Saqib Nisar took notice of the slowed investigation process into the case.
The SC also summoned seven phony account holder and other 13 legatees on July the 12th.