The Joint Investigation Team (JIT) – probing the Rs35 billion fake accounts scam – has implicated Pakistan Peoples Party senior lawyer Farooq H Naeek in the money laundering case.
The report says while probing into the affairs of M/s Orient Energy System, the JIT came across 13 remittances, including three from Spintex Textiles Trading LLC, Dubai, a Hawala entity from Dubai, amounting to $800,827 arriving in the account of Ibad Farooq Naek, son of Adv Farooq H Naek (Ref ANNEX-93 for transactions record) from 2011 to 2013, while Mr Farooq H Naek was the Senate chairman till March 12, 2012.
It is noted further that these payments were used for the purchase of plots no A-8 and 10-A at DHA, Karachi in the name of his wife Farzana Naek.
Apart from this, NAB Karachi is already probing the nexus between Farooq H Naek and the Sindh government in which an exorbitant amount of approximately Rs500 million has been paid by the law department (2014 to 2018) in various litigations to him.
Naek is still engaged by the Sindh government against the orders passed by the Supreme Court of Pakistan in CP NO 3054/2015 dated December 13, 2017, says the report.
Presently, Naek is representing Asif Ali Zardari and Faryal Talpur in this case, says the report.