LAHORE – A three-member bench headed by Chief Justice Mian Saqib Nisar andcomprising Justice Umar Ata Bandial and Justice Ijaz ul Ahsan hearing thefake bank accounts and money laundering case at the apex court’s registryin Lahore, froze assets of Omni Group.
As the hearing began, Chief Justice Saqib Nisar directed court staff toinstall a projector to display findings of the JIT report submitted by theteam last week.
While presenting the JIT report, Mirza revealed that the money in fakeaccounts was being used to pay expenses of Bilawal House in Karachi andLahore – the land for party HQ in Punjab’s capital is owned by ZardariGroup.
Zardari Group acquired loans worth Rs53.4 billion out which Rs24 billionwas taken from Sindh bank. On the other hand, Omni Group acquired loansfrom all five of its subsidiaries.
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The JIT report found that the Omni Group paid between Rs120 million toRs145 million in “personal expenses” to Zardari Group. The “personalexpenses” covered food, clothes and dog upkeep.
In December 2015, the Federal Investigation Agency began a discreetlyinvestigating certain bank accounts through which multi-billion rupeetransactions have been made. According to FIA sources, informationregarding the fake accounts came to the fore when an intelligence agencypicked up a prominent money changer in an unrelated case.
