Pakistan’s ex-president Asif Zardari named in money-laundering case

Former Pakistani president Asif Ali Zardari listens to his son and chairman of the Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari (unseen) during the party manifesto presentation for the forthcoming general election during a press conference in Islamabad on June 28, 2018. (AFP)
Updated 08 July 2018

Pakistan’s ex-president Asif Zardari named in money-laundering case

  • The inclusion of former president’s name, Zardari, in the case signifies pre-poll rigging, says his spokesperson, Farhatullah Babar
  • Pakistan People’s Party’s election campaign has been spearheaded by Zardari’s son, Bilawal Bhutto

KARACHI: The Federal Investigation Agency (FIA) on Saturday obtained the remand of Hussain Lawai, Chairman Central Depository Company (CDC) and a close aide of Pakistan’s former president, Asif Ali Zardari, after registering a case against him and others for using a fake account to launder Rs35 billion ($288 million).
According to a case registered by FIA’s Banking Circle Karachi, the former president and leader of the Pakistan People’s Party, Asif Ali Zardari, and his sister, Faryal Talpur, are among 13 people who benefited from the arrangement.
The police first investigation report (FIR) says that M/S Zardari Group (Asif Ali Zardari, Faryal Talpur, etc) got Rs15,000,000 and were among the beneficiaries of the transaction trail of fake bank accounts maintained by Omni Group, owned by Anwar Majeed, another close aide of the former president.
Different entities owned by Majeed can be found in the list of depositors and beneficiaries of the fake bank account maintained in the name of a citizen without his approval.
The FIR found that one of the depositors in the fake account turned out to be M/S Bahria Town Karachi project and Zain Malik, who had deposited Rs750,000,000. Both Malik and the spokesperson of his Bahria Town Karachi project did not respond to Arab News’ requests for a comment.
Muhammad Ali Abro, assistant director of FIA’s Karachi Banking Circle, informed the local magistrate that during the inquiry into the suspicious transaction of 29 accounts, it was established that one of them was fraudulently opened in the name of Tariq Sultan by using his national identity card.
“This account was subsequently used to place illegitimate funds for purposes of money-laundering,” reads the FIR, a copy of which is available with Arab News.
According to the FIA, when Sultan denied he had opened the account, the agency started conducting its inquiry and the signatures on bank documents were found to be forged.
The FIA obtained the money trail and interviewed those involving the opening of a fake account, leading the agency to conclude that Hussain Lawai, the then chairman of Summit Bank, had ordered the opening of the fake account for money-laundering purposes. According to the agency, the investigation of another 28 accounts is under way.
Pleading not guilty out of the court of the local magistrate, Lawai told the media he did not know if he was arrested because of Asif Ali Zardari. “Only time will tell why I have been targeted,” he said.
An FIA spokesperson told Arab News that the offense had occurred between 2014 and 2015. However, the Pakistan People’s Party and independent analysts have been questioning the timings of the investigation and arrest for different reasons.
“Asif Ali Zardari has also been maligned in the past. I am really not surprised to see his name in the FIR,” Farhatullah Babar, former president’s spokesperson, told Arab News.
“To me, this seems to be part of pre-polls rigging. Zardari spent 11 years in jail without conviction. The present bubble will also burst into nothingness,” he added.
Senior analyst Mazhar Abbas claimed the appearance of Zardari’s name in the money-laundering case seemed to be an effort to dispel the impression that federal institutions such as the National Accountability Bureau (NAB) and Federal Investigation Agency (FIA), had only singled out the former prime minister, Nawaz Sharif.
“In the foreseeable future, we may also see action against the former president-general, Pervez Musharraf,” Abbas told Arab News.
Fazil Jamili, another Karachi-based political analyst, maintained that the FIR was part of the establishment’s minus-one formula, which, he said, was being applied to all major political parties. “After minus-Altaf and minus-Nawaz, it seems to be Asif Ali Zardari’s turn,” he said.
He added: “This is a significant development and may produce negative election results for PPP since it is likely to damage the party’s credibility.”
As the situation stands, the former president’s son, Bilawal Bhutto-Zardari, is running his party’s election campaign and addressing public rallies in the provinces of Sindh and Punjab. 




Copy of the FIR by the Federal Investigation Agency that names Pakistan’s former president, Asif Ali Zardari, and his sister in a fake account to launder Rs35 billion.




Copy of the FIR by the Federal Investigation Agency that names Pakistan’s former president, Asif Ali Zardari, and his sister in a fake account to launder Rs35 billion.




Copy of the FIR by the Federal Investigation Agency that names Pakistan’s former president, Asif Ali Zardari, and his sister in a fake account to launder Rs35 billion.

 


UK’s Boris Johnson likens himself to The Incredible Hulk

Updated 15 September 2019

UK’s Boris Johnson likens himself to The Incredible Hulk

  • Johnson said he will meet the Oct. 31 deadline no matter what
  • “The madder Hulk gets, the stronger Hulk gets,” he told the Mail

LONDON: British Prime Minister Boris Johnson has compared himself to The Incredible Hulk in a newspaper interview emphasizing his determination to take Britain out of the European Union next month.
Johnson faces considerable legal and political hurdles but told the Mail on Sunday he will meet the Oct. 31 deadline no matter what.
“The madder Hulk gets, the stronger Hulk gets,” he told the widely read tabloid, invoking the comic book and film character known for formidable but destructive strength.
Johnson remains defiant even though Parliament has passed a law requiring him to seek an extension to the deadline if no deal is reached by mid-October. He has also lost his working majority in Parliament and been told by Scotland’s highest court that his decision to suspend Parliament was illegal.
Johnson portrays himself as more convinced than ever that Britain will break with the EU at the end of October.
He will have a lunchtime meeting in Luxembourg on Monday with European Commission President Jean-Claude Juncker to try to modify the Irish backstop that has been a main sticking point, but EU leaders did not seem impressed by Johnson’s invocation of the Hulk.
The European Parliament’s Brexit coordinator, Guy Verhofstadt, said the comments showed a lack of maturity.
“Even to Trumpian standards the Hulk comparison is infantile,” he tweeted. “Is the EU supposed to be scared by this? The British public impressed?“
Juncker, who has downplayed hopes of a breakthrough at Monday’s meeting, also expressed alarm that many people in Britain seem to feel a British departure without a deal with the EU would be a positive thing.
“It would be terrible chaos,” he said in an interview with Germany’s Deutschlandfunk radio. “And we would need years to put things back in order. Anyone who loves his country, and I assume that there are still patriots in Britain, would not want to wish his country such a fate.”
The Oct. 31 deadline looms large because Johnson has not said he will seek another extension if no deal is reached, despite legislation passed by Parliament shortly before it was suspended.
Britain’s Supreme Court this week will rule on whether Johnson overstepped the law when he shut the legislature for a crucial five-week period.
The Liberal Democrats, who have been enjoying a revival, voted overwhelmingly at their party conference Sunday to end the Brexit process entirely if they come to power.
Party leader Jo Swinson said Article 50, which triggered Brexit, would be revoked if she becomes prime minister.
The party gained an important member Saturday with the defection of Sam Gyimah, a former Conservative minister. He is the sixth legislator to switch allegiance and join the Liberal Democrats this year.
Johnson also continues to take flak from former Prime Minister David Cameron, who called the 2016 referendum on Brexit.
Cameron said in an interview published Sunday that Johnson didn’t really believe in Brexit when he broke ranks and led the campaign to take Britain out of the EU. Cameron had been expecting Johnson’s help during the hard-fought campaign.
Cameron says of Johnson: “The conclusion I am left with is that he risked an outcome he didn’t believe in because it would help his political career.”
Cameron is giving interviews to gain publicity for his upcoming memoirs.