The National Accountability Bureau (NAB) asserted a significant breakthrough against former president Asif Ali Zardari, his sister Faryal Talpur, and others in the case of fake accounts.
Sources have notified that Nasser Abdulla Lootah, native of Dubai and chairman of the board of directors of Summit Bank, has decided to be an approver in this situation.
Furthermore, the arrest warrant for Nasser Abdullah Lootah was suspended after agreeing to become an approver.
Earlier in the case of money laundering and fake bank accounts, an accounting tribunal in Islamabad expanded the judicial remand of Asif Ali Zardari and Faryal Talpur until September 5.
More than 30 individuals, including Zardari and his sister Faryal Talpur, are investigated by the Federal Investigation Agency (FIA) in regards to money laundering from fictional accounts. In connection with the probe, Zardari’s close assistant Hussain Lawai was detained in July 2018.
In August 2018, FIA arrested close aide of the former president and chairman of the Omni Group, Anwar Majeed, and his son, Abdul Ghani.
According to sources, in 2013, 2014 and 2015, several’ benami ‘ accounts at various personal banks were opened from which transactions worth billions of rupees were produced.
The sum is said to be black money collected from multiple kickbacks, commissions and bribes, according to FIA sources.