Court extends Zardari, Talpur’s bail in money laundering case

A banking court extended on Tuesday the interim bail granted to former President Asif Ali Zardari and his sister Faryal Talpur till December 10 in the money laundering of Rs35 billion through fake accounts case.

Pakistan Peoples Party (PPP) co-chairman and his sister appeared before the banking court today, however, the hearing was adjourned without any court proceedings, local media reported. Earlier on October 17, the banking court had extended the interim bail of the siblings for the third time till November 13 (today).

The Federal Investigation Agency (FIA) is investigating several people in the fake accounts case. The list includes Omni Group Chairman Anwar Majeed, his sons Abdul Ghani Majeed and Nimr Majeed and Pakistan Stock Exchange Chairman Hussain Lawai. The FIA has already arrested Anwar, Abdul Ghani and Lawai, who are in custody for interrogation.

Meanwhile, the Supreme Court, which is also hearing the same case, has formed a Joint Investigation Team (JIT) to probe the money laundering through fake accounts case. The JIT will submit its  recent progress report to the top court in December.