Pakistan

ISLAMABAD – The Islamabad High Court has approved the protective bail of Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari on Saturday, in a money laundering case.

According to the details, the former president of Pakistan appeared before the court of Justice Gull Hassan Aurangzeb who heard him in the chamber and granted the bail for two weeks.

Earlier, a banking court in Karachi extended the interim bail of PPP leader Faryal Talpur till September 4 in money laundering case to the tune of Rs 35 billion.

A session court in Karachi had declared Asif Ali Zardari and his sister Faryal Talpur absconders in the case while Omni Group Chairman Anwar Majeed along with his son Abdul Ghani were arrested from Supreme Court (SC).

Asif Ali Zardari, Faryal Talpur and their associates are alleged of laundering Rs35 billion abroad through 29 fake accounts after which, their names were placed on Exit Control List (ECL).

Hussain Lawai, chairman of Pakistan Stock Exchange, and his associates are accused of connivance in the case as the said accounts were opened in the Summit Bank and United Bank of Pakistan Limited.

FIA had prepared a report, revealing that more than 10 political personalities were allegedly involved in fictitious transactions worth Rs35 billion.

The Supreme Court of Pakistan is also investigating the case and the Chief Justice, Mian Saqib Nisar has repeatedly warned that the ill-gotten money would be investigated.