AGL 5.85 Increased By ▲ 0.45 (8.33%)
ANL 8.70 Decreased By ▼ -0.09 (-1.02%)
AVN 76.65 Increased By ▲ 0.49 (0.64%)
BOP 5.15 Decreased By ▼ -0.02 (-0.39%)
CNERGY 4.48 No Change ▼ 0.00 (0%)
EFERT 81.40 Increased By ▲ 0.30 (0.37%)
EPCL 49.55 Increased By ▲ 0.55 (1.12%)
FCCL 12.75 Increased By ▲ 0.05 (0.39%)
FFL 5.64 Increased By ▲ 0.05 (0.89%)
FLYNG 6.86 Decreased By ▼ -0.12 (-1.72%)
FNEL 4.62 Decreased By ▼ -0.01 (-0.22%)
GGGL 8.62 Increased By ▲ 0.03 (0.35%)
GGL 14.30 Increased By ▲ 0.24 (1.71%)
HUMNL 5.54 Increased By ▲ 0.04 (0.73%)
KEL 2.63 Increased By ▲ 0.03 (1.15%)
LOTCHEM 28.00 Increased By ▲ 0.29 (1.05%)
MLCF 24.10 Increased By ▲ 0.42 (1.77%)
OGDC 71.50 Increased By ▲ 0.05 (0.07%)
PAEL 15.30 Increased By ▲ 0.10 (0.66%)
PIBTL 4.90 Decreased By ▼ -0.01 (-0.2%)
PRL 16.10 Increased By ▲ 0.30 (1.9%)
SILK 1.13 Increased By ▲ 0.08 (7.62%)
TELE 9.00 Increased By ▲ 0.01 (0.11%)
TPL 7.10 Decreased By ▼ -0.06 (-0.84%)
TPLP 18.99 Decreased By ▼ -0.23 (-1.2%)
TREET 21.27 Increased By ▲ 0.13 (0.61%)
TRG 139.79 Increased By ▲ 3.04 (2.22%)
UNITY 16.80 No Change ▼ 0.00 (0%)
WAVES 9.50 Increased By ▲ 0.40 (4.4%)
WTL 1.37 No Change ▼ 0.00 (0%)
BR100 4,188 Increased By 2.8 (0.07%)
BR30 15,462 Decreased By -4.4 (-0.03%)
KSE100 41,846 Increased By 27.1 (0.06%)
KSE30 15,466 Increased By 18.2 (0.12%)
Follow us

ISLAMABAD: The Accountability Court, on Thursday, ordered to initiate process of declaring close aide of former president Asif Ali Zardari, Mushtaq Ahmed a proclaimed offender, in a corruption case related to over Rs8.3 billion transactions through fake bank accounts against him and Zardari.

Accountability Court judge Syed Ashgar Ali, while hearing the case, ordered the National Accountability Bureau (NAB) to start process of declaring Ahmed, a proclaimed offender under Section 87 of CrPC.

The court also issued non-bailable arrest warrants of Ahmed on July 27 for his continuous absence from the court hearings.

The proclamation process involved publication of notices in newspapers directing the accused to appear in court.

Failure to do so would result in seizure of property and issuance of further warrants.

Zardari's counsel filed an application before the court seeking one day exemption from personal appearance before it, which the court approved.

Wasim Javed, prosecutor NAB, Investigation Officer (IO) NAB, and the defence counsel appeared before the court. The court adjourned hearing of the case till September 9.

According to the reference, Ahmed opened a joint account with a private housing society.

The account had been used for depositing corruption money and laundering money, the reference says.

It said that there was concrete evidence that Zardari had purchased House NoF-32, Block 04, Clifton, Karachi through corruption money.

It says that the stenographer, Ahmed had made payment for Zardari's Clifton house.

An amount of Rs150 million was paid to one Ahmad Abdul Bari against House NoF-32, Block 04, Clifton, Karachi, which was transferred in the name of accused Zardari, from the account of Ahmed, it says.

According to the NAB, accused Zardari failed to provide any justification for the acceptance of an amount of Rs150 million, which proves that the amount received through a complicated, circuitous and devious route by using the convict Zain Malik and his trusted person accused Ahmed, by concealing the origin and trail of money, the same was used to purchase House NoF-32, Block 04, Clifton, Karachi.

The NAB reference says that during investigation it has transpired that the accused, Ahmed, was appointed as a stenographer in President House, who remained there from 2009 till 2013, and in the same period, accused Zardari was the president of Pakistan.

The financial profile of the accused, Ahmed is also investigated, which shows that Ahmed had no such source of income to match with the magnitude of transactions in the above mentioned joint account, it says.

Copyright Business Recorder, 2021

Comments

Comments are closed.

Fake bank accounts case: Zardari's close aide Mushtaq to be declared PO

Fiscal, monetary steps discussed

Dar meets Alvi to blunt IK’s assembly dissolution threat

Elections to take place ahead of Ramazan: Qureshi

Soybean consignments: FTO takes suo motu notice

US warns of Chinese influence in ME

Telenor may consider closing operations

Nepra not happy over ‘tactics’ aimed at blocking CTBCM

Textile value chain: APTMA demands restoration of ‘zero rating’

Business confidence negative: OICCI survey

Housing sector: SHE announces investing $50m in 3 years