Fake accounts case: IHC extends interim bails of five accused

Court directs NAB to submit clause wise written answers against the bail petitions till next date

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Staff Report

ISLAMABAD

The Islamabad High Court (IHC) extended the interim bails of five accused till June 12, in mega money laundering and fake accounts case.

Justice Aamer Farooq and Justice Mohsin Akhter Kiyani heard the bail petition of five accused including Omni Group’s Khawaja Ali Kamal Majeed, Sohail Ahmed Memon, Muhammad Ali shah, Mir Muhammad and Ali Gul.

The bench directed the National Accountability Bureau (NAB) to submit clause wise written answers against the bail petitions till next date and adjourned the hearing.

The 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 last year 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 2018.

Over 20 ‘benami’ accounts at some private banks were opened in 2013, 2014 and 2015 from where transactions worth billions of rupees were made, according to sources.

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

On April 10 this year, the IHC extended the interim pre-arrest bail of former president Asif Ali Zardari and his sister Faryal Talpur till April 29 in the mega money laundering and fake bank accounts case.

The bench had also ordered Zardari to submit bail bonds worth Rs1 million each on four of his petitions and accepted his request to submit a total of Rs4 million in the form of cash. Talpur had been directed to submit bail bonds worth Rs1 million.