The National Accountability Bureau (NAB) issued on Thursday arrest warrants for former president Asif Ali Zardari in a case pertaining to a suspicious transaction of Rs 8 billion.

The case is related to a suspicious transaction of Rs 8.3 billion from Bahria Town through joint accounts of Zain Malik, son-in-law of property tycoon Malik Riaz, into fake accounts.

According to local media reports, NAB chairman Justice (retd) Javed Iqbal has signed the arrest warrants. NAB will present a written reply to the Islamabad High Court (IHC) in this regard today.

A two-member bench headed by Justice Aamer Farooq will hear Zardari's bail plea today. In its reply, NAB stated that the former premier is required for investigation. The court will hear arguments from Farooq H. Naek, Zardari's lawyer and NAB today. On September 23, the IHC had extended the former president's interim bail till October 15 (today).

The former president is nominated in multiple corruption cases filed by the accountability watchdog. He has already been indicted in Park Lane, Thatta Water Supply reference, Toshakhana references and money laundering case.