Friday, October 30, 2020

Pakistan: Zardari’s lawyer implicated in money laundering case


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.

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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.

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