Times of Islamabad

IHC announces verdict in former President Asif Zardari bail case

IHC announces verdict in former President Asif Zardari bail case

ISLAMABAD – Islamabad High Court (IHC) Monday extended the pre-arrest bailof former president Asif Ali Zardari and his sister Faryal Talpur till May15, in mega money laundering and fake accounts case.

A divisional bench comprising Justice Aamer Farooq and Justice MohsinAkhter Kiyani conducted the hearing on bail petitions of Pakistan PeoplesParty’s leaders seeking extension in their interim bail.

During the hearing, NAB prosecutor informed the court that the NAB chairmanhad issued arrest warrants for Zardari only in the Park Lane case.The bench asked the NAB officials to submit a detailed reply and explainhow many inquiries were under process against the former president.

In the previous hearing, the high court had extended the siblings’ bailuntil April 29 when they appeared before it for their bail extension.

Zardari, his sister and other accused are facing charges of laundering morethan Rs35 billion through fake bank accounts. Zardari’s close aides HussainLawai and Anwar Majeed have also been nominated in the scam. They both arein judicial custody.

Last month, a banking court in Karachi transferred the money launderingcase against both the brother and sister and others to Rawalpindi on therequest of NAB.