Saturday, October 31, 2020

Pakistan: NAB obtained evidence from UAE against former president Asif Zardari money laundering

-

The National Accountability Bureau (NAB) has obtained important evidences from the United Arab Emirates (UAE) citizen who was allegedly involved in the former president Asif Zardari money laundering and had been nominated in the reference.

The anti-corruption watchdog produced Nasser Abdulla before an accountability court (AC) and he recorded his statement under Section 164 before Additional Deputy Commissioner (ADC) Waseem Ahmed, who was performing duty as the magistrate.

Nasser Abdulla Lootah stated that he had no connection with the alleged money laundering and Abdul Ghani Majeed of the Omni Group misused his documents. He assured that he will completely cooperate with the anti-graft body in investigations.

The arrest warrants against Nasser Abdulla have been cancelled; however, the final decision on his plea to become the approver will be made by NAB Chairman Justice (r) Javed Iqbal.

- Advertisement -

It is pertinent to mention here that Nasser Abdulla Hussain Lootah is chairman and director of the Summit Bank.

Meanwhile, an accountability court in Islamabad on Monday extended the judicial remand Zardari and his sister Faryal Talpur until September 5 in the money laundering and fake bank accounts case.

Related: Pakistan ex-President Asif Ali Zardari arrested in separate corruption case

Accountability Court judge Muhammad Bashir, while hearing the Park Lane reference and money laundering case against the two PPP leaders, instructed the National Accountability Bureau (NAB) to provide copies of the money laundering case to the accused and adjourned the hearing. Copies of the Park Lane reference were handed over to the suspects during the hearing.

Both Zardari and Talpur are being held at Adiala Jail after they were arrested by the accountability watchdog earlier this year on the charges of laundering billions of rupees through fictitious accounts.

- Advertisement -

Zardari, who was shifted to Adiala Jail on Friday, appeared before the court on Monday and claimed before the judge that he was being mistreated in the prison. The former president’s counsel Sardar Latif Khosa had filed a plea in the court asking that his client be provided with A-class facilities in prison, including air-conditioning, medical facilities and permission to meet his family.

Khosa again asked the judge to grant better facilities to Zardari in the prison. “My client suffers from a number of medical conditions which may pose a threat to his life,” the counsel told the court, as he asked for air-conditioning in the cell. The court will hear the plea for A-class facilities in prison today (Tuesday).

MUST READ

Actress Lori Loughlin begins 2-month prison sentence for role in college admissions scam

Actress Lori Loughlin reported to a federal prison in Northern California on Friday to start a two-month sentence for her role in a massive...

FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Former DEA spokesman sentenced to 7 years for posing as CIA agent to scam $4 million

A former spokesman for the Drug Enforcement Administration (DEA) was sentenced to 7 years in prison Wednesday for posing as a CIA agent on...

Hudson County road inspector pleads guilty to bribery charges

A Hudson County official has pleaded guilty to one count of official misconduct after accepting cash to delete construction violations, according to the Hudson...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Indonesia sentenced stockbroker to life over fraudulent investment scheme

Renowned stockbroker Benny Tjokrosaputro was sentenced to life by the Jakarta Anticorruption Court on Monday evening for his role in a major graft scandal...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks