*KARACHI - In a new development in the money laundering case, Hussain Lawai and Taha Raza’s bail pleas have been rejected by a banking court in Karachi.*
The court rejected their bail pleas in a money laundering case. The FIA is investigating money laundering of Rs35 billion through fake bank accounts at three local banks, including Summit Bank, of which Lawai was the head.
Two days ago, the banking court had reserved its verdict after hearing the petitioner’s arguments. On Monday, the judge issued a short verdict in his chamber.
Other accused in the case, Asif Ali Zardari and Faryal Talpur, have been granted bail.