*KARACHI – In a new development in the money laundering case, Hussain Lawaiand Taha Raza’s bail pleas have been rejected by a banking court inKarachi.*
The court rejected their bail pleas in a money laundering case. The FIA isinvestigating money laundering of Rs35 billion through fake bank accountsat three local banks, including Summit Bank, of which Lawai was the head.
Two days ago, the banking court had reserved its verdict after hearing thepetitioner’s arguments. On Monday, the judge issued a short verdict in hischamber.
Other accused in the case, Asif Ali Zardari and Faryal Talpur, have beengranted bail.