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SC to hear money laundering case against Zardari, Talpur on Monday

09:00 PM | 23 Dec, 2018
SC to hear money laundering case against Zardari, Talpur on Monday
LAHORE – The Supreme Court will hear the money laundering case against several suspects including Pakistan People’s Party (PPP) Co-Chairperson Asif Ali Zardari and his sister Faryal Talpur on Monday.

Advocates Sardar Lateef Khosa and Farooq H Naek will represent the former president before a three-member bench headed by Chief Justice Mian Saqib Nisar and comprising of Justice Umar Ata Bandiyal and Justice Ijazul Ahsan.

The counsels for Zardari will be handed over a report prepared by a Joint Investigative Team (JIT) into the matter at the apex court’s Lahore Registry.

https://en.dailypakistan.com.pk/headline/money-laundering-case-asif-zardari-faryal-talpur-gets-bail-till-jan-7/

Khosa said that the court will provide the JIT report and new date for the next hearing will be announced.

Earlier this month, the Joint Investigation Team that has been investigating the fake accounts recommended a legal course against some 415 key individuals and around 172 entities allegedly involved in transactions of approximately Rs220 billion through 104 fake accounts.

While investigating these fake accounts, the JIT report also revealed a domestic worker of Zardari, with an estimated fortune of around Rs8.1 billion stashed into one of his fake accounts. Mushtaq Ahmed, 37, who once served as one of personal staff members of Zardari accumulated the wealth with Zain Malik through a joint fake account maintained in a private bank in Karachi during 2014-15, the report stated.

The Federal Investigation Agency (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.

The amount, according to FIA sources, is said to be black money gathered from various kickbacks, commissions and bribes.

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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