Faux financial institution accounts: Banking court docket orders switch of cash laundering case to Islamabad

A banking court docket on Friday ordered the switch of the pretend financial institution accounts and mega cash laundering case to Islamabad.

The banking court docket in Karachi introduced its choice on the Nationwide Accountability Bureau’s (NAB) petition to switch the cash laundering case to Islamabad.

Over the last listening to on Monday, the court docket had reserved its choice.

Former chairman of the Pakistan Inventory Alternate Hussain Lawai and Omni Group chairman Anwer Majeed’s son Abdul Ghani Majeed, who’ve been booked and detained over their alleged involvement within the case, appeared earlier than the court docket for the listening to.

In the meantime, Majeed’s three different sons, Nimr Majeed, Zulqurnain Majeed and Ali Kamal Majeed, who’re suspects within the case and had been current in court docket fled after the listening to.

The court docket additionally withdrew the bail granted to former president Asif Ali Zardari, his sister Faryal Talpur and different suspects within the case.

The banking court docket additional ordered that the bail bonds of all suspects be cancelled.

Final month, NAB chairman had filed a petition in search of the switch of the case to the accountability court docket of Rawalpindi for trial.

Within the paperwork, Justice (r) Javed Iqbal acknowledged that the Supreme Court docket has directed the accountability bureau to probe the case thus it ought to be transferred to a NAB court docket in Rawalpindi.

The case

The FIA is investigating 32 folks in relation to cash laundering from fictitious accounts, together with Zardari and Talpur. Zardari’s shut aide Hussain Lawai was arrested in July final yr in reference to the probe.

The previous president’s different shut aide and Omni Group chairman Anwar Majeed a detailed aide and Omni Group chairman and his son, Abdul Ghani, had been arrested by FIA in August 2018.

Over 20 ‘benami’ accounts at some personal banks had been opened in 2013, 2014 and 2015 from the place transactions value billions of rupees had been made, in line with sources.

The quantity, in line with FIA sources, is claimed to be black cash gathered from numerous kickbacks, commissions and bribes.