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 bail of former president Asif Ali Zardari and his sister Faryal Talpur till May 15, in mega money laundering and fake accounts case.

A divisional bench comprising Justice Aamer Farooq and Justice Mohsin Akhter Kiyani conducted the hearing on bail petitions of Pakistan Peoples Party's leaders seeking extension in their interim bail.

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

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

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

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