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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.

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.


PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 13 April 2024 Forex Rates

Pakistani currency remains largely same against US dollar and other currencies in open market on April 13, 2024.

US Dollar rate in Pakistan

On Saturday, the US dollar was being quoted at 277.4 for buying and 280.65 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 12 April 2024


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