Rs 35 billion money laundering scam: SC gives a blow to the Zardari Group

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Rs 35 billion money laundering scam: SC gives a blow to the Zardari Group

LAHORE - The Supreme Court on Monday gave a blow to the Zardari group in Rs 35 billion money laundering scam through fake bank accounts case.

SC has barred the trading and transfers of the properties of the Zardari Group, Bahria Town and Omni Group after a report submitted by a joint investigation team (JIT) held them responsible in the mega money laundering and fake accounts case

A two-member bench, headed by the CJP and comprising Justice Ijazul Ahsan, heard the suo motu case pertaining to money laundering at the Lahore Registry of the apex court.

Advocates Sardar Latif Khosa and Farooq H Naek represented the former president.

During the hearing, the chief justice remarked that household expenses of Zardari and Bilawal were paid through these companies. “Zardari and Bilawal’s heater bills and even the money spent on their dogs was paid by someone else,” he added.

Further, the chief justice linked Omni Group properties with the court decision. “These properties will be seized,” the chief justice said and adjourned the hearing till December 31.

The chief justice also directed the JIT’s report to be forwarded to all the accused, and instructed Zardari’s counsel to submit his reply on the report.