AGL 5.95 Decreased By ▼ -0.13 (-2.14%)
ANL 9.26 Decreased By ▼ -0.14 (-1.49%)
AVN 80.82 Decreased By ▼ -0.64 (-0.79%)
BOP 5.20 Decreased By ▼ -0.07 (-1.33%)
CNERGY 4.86 Decreased By ▼ -0.04 (-0.82%)
EFERT 81.82 Increased By ▲ 0.27 (0.33%)
EPCL 53.94 Decreased By ▼ -0.06 (-0.11%)
FCCL 14.29 Decreased By ▼ -0.11 (-0.76%)
FFL 5.93 Decreased By ▼ -0.12 (-1.98%)
FLYNG 7.44 Decreased By ▼ -0.12 (-1.59%)
FNEL 4.95 Decreased By ▼ -0.05 (-1%)
GGGL 9.18 Decreased By ▼ -0.14 (-1.5%)
GGL 16.51 Decreased By ▼ -0.19 (-1.14%)
HUMNL 6.14 Increased By ▲ 0.45 (7.91%)
KEL 2.77 Decreased By ▼ -0.02 (-0.72%)
LOTCHEM 30.81 Increased By ▲ 0.26 (0.85%)
MLCF 27.45 Decreased By ▼ -0.34 (-1.22%)
OGDC 74.27 Increased By ▲ 0.27 (0.36%)
PAEL 15.98 Decreased By ▼ -0.21 (-1.3%)
PIBTL 5.21 Decreased By ▼ -0.02 (-0.38%)
PRL 17.01 Decreased By ▼ -0.28 (-1.62%)
SILK 1.10 Increased By ▲ 0.01 (0.92%)
TELE 10.00 Decreased By ▼ -0.04 (-0.4%)
TPL 7.65 Decreased By ▼ -0.05 (-0.65%)
TPLP 19.41 Decreased By ▼ -0.36 (-1.82%)
TREET 22.72 Decreased By ▼ -0.47 (-2.03%)
TRG 146.80 Decreased By ▼ -0.55 (-0.37%)
UNITY 17.09 Decreased By ▼ -0.10 (-0.58%)
WAVES 10.33 Decreased By ▼ -0.05 (-0.48%)
WTL 1.42 Decreased By ▼ -0.04 (-2.74%)
BR100 4,330 Increased By 3.4 (0.08%)
BR30 16,296 Increased By 46.9 (0.29%)
KSE100 42,904 Increased By 23.3 (0.05%)
KSE30 15,805 Decreased By -4.6 (-0.03%)
Follow us

ISLAMABAD: The Accountability Court, on Monday, recorded the statement of another prosecution witness in the Park Lane case against former president Asif Ali Zardari and others.

The Accountability Court-II judge, Muhammad Azam Khan, while hearing the case recorded the statement of prosecution witness, Raheel Nafees, a bank official.

The witness told the court that he appeared before the National Accountability Bureau (NAB)'s investigation officer (IO) on March 8, 2019 and produced various documents before the IO.

The witness said that the documents include original cheque book recognition slip of account of Park Lane (Private) Limited, original cash requisition voucher of Rs50 million dated November 6, 2009, original authority letter dated November 6, 2009, addressed to Saleemud Din from Sher Ali, original check no 849202 of Park Lane of Rs50 million, original letter of November 4, 2009, from Park Lane regarding arrangement of management of prize bonds Rs50 million, and original check of amount Rs35 million of Park Lane, and original cash requisition voucher Rs35 million.

Irfan Bhola prosecutor NAB, Arshad Tabraiz, Raja Aamir Abbas, Sajjad Akbar, and other accused's counsels appeared before the court. At the start of the hearing, Zardari and other accused's counsel filed an application seeking one-day exemption for their clients, which the court approved.

The court adjourned hearing of the case till September 30. Last year, the accountability court indicted former president and the Pakistan Peoples Party (PPP) co-chairman Zardari and others in a case involving allegations of money laundering and misuse of authority in Park Lane reference. According to the charges levelled against Zardari, he influenced the relevant authorities during his tenure as president to release loans to front companies.

He was accused of being a director of the Park Lane company, and planning to commit fraud. The former president allegedly got his front company, Parthenon (Private) Limited, a loan of Rs1.5 billion with ill intention, and the money was then transferred for his personal use through fake accounts.

The NAB has accused the former president of causing the national exchequer a loss of Rs3.77 billion through fake bank accounts. The anti-graft watchdog alleged that the accused created benami properties through Park Lane Company using Parthenon (Private) Limited as the front company.

Using the money acquired through loans, eight floors were constructed at the IBC Centre. Initially, a loan of Rs1.5 billion was taken that gradually increased to Rs4 billion. Other accused in the case, namely, Omni Group chief Anwar Majeed, Sher Ali, Farooq Abdullah, Saleem Faisal, and Muhammad Hanif.

Copyright Business Recorder, 2021


Comments are closed.

Park Lane case: AC records statement of another witness against Zardari

Turkish companies urged to make investments

Govt plans to deregulate POL products’ market by 2027

Rice import: PM thanks Azeri President for 5-year tax holiday

PM welcomes prospects of ECO’s outreach to CARs

Suspected consignments, delinquent staff: FBR endorses DGI&I Sost’s enforcement action

Tax reforms recommendations to FBR: Supertax has successful large businesses: PBC

Energy conservation: stern measures on the cards

Payments to Google: SBP rejects allegations

Amin urges Dar to ‘direct’ SBP to make payments

FBR widens probe into tax record leak of COAS, family