Zardari, Faryal and 18 Others Declared Absconders In Largest Ever Money Laundering Case

Posted on Posted inPakistan

JUL 21, 2018: The country’s premier investigation agency FIA has declared former president Asif Ali Zardari and his sister Faryal Talpur and 18 others as absconders in the Rs35 billion money laundering case.

The FIA submitted challan of the case against former banker and Zardari’s close aide Hussain Lawai and other suspects in the court on Saturday. Besides the Pakistan Peoples Party (PPP) co-chairman and his sister, 18 others including chairman of a private bank and the Omni Group of Companies owner Anwar Majid and his son are also declared absconder in the challan.

Lawai, the 78-year-old famous banker who headed the country’s stock exchange, was arrested by the Federal Investigation Agency (FIA) earlier this month in the money-laundering case, in which he is accused to have helped facilitate the opening of 29 fake accounts made on seven people’s names in Summit Bank, Sindh Bank and United Bank Limited through which Rs 35 billion was funneled.

Last week, Lawai and Summit Bank Senior Vice-President Taha Raza were sent to jail on remand in the multi-billion rupee money laundering scandal.

According to the First Information Report (FIR) registered against Lawai and others, billions of rupees were deposited into the said fake accounts and subsequently transferred to other beneficiaries, including Zardari and his sister’s company, the Zardari Group.

The Zardari Group received Rs15 million of the laundered money, according to the FIR.

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