Zardari, Talpur file review petition in money laundering case

Zardari, Talpur file review petition in money laundering case
ARAB NEWS PAKISTAN
Updated 28 January 2019

Zardari, Talpur file review petition in money laundering case

Zardari, Talpur file review petition in money laundering case
  • Review petition maintains the JIT could not find direct evidence against Zardari or Talpur
  • The SC had directed NAB to conduct fresh investigation within two months and file references against the accused

ISLAMABAD: Former President Asif Ali Zardari and his sister, Faryal Talpur, on Monday filed a review petition against the Supreme Court’s January 7 decision in the ongoing money laundering case.
The defendants stated in the petition, “The Federal Investigation Agency (FIA) failed to submit a final challan in the banking court and the agency was unable to find any evidence against them despite cooperation from all institutions.”
The FIA, in July 2018, obtained the remand of Hussain Lawai, Chairman Central Depository Company (CDC) and a close aide of Zardari’s, after registering a case against him and others for using a fake bank account to launder Rs35 billion ($288 million).
According to a case registered by FIA’s Banking Circle Karachi, The Pakistan People’s Party (PPP) leader and his sister 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 million 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.
“The SC formed a Joint Investigation Team (JIT) on FIA’s request. Zardari and Talpur appeared before the JIT and submitted written replies. In the absence of law, a JIT comprising members of different institutions cannot be formed,” added the review petition.
The petition maintains that the JIT could not find any direct evidence against Zardari or Talpur. “The JIT presented a report in the SC without including our stance and the report is based on assumptions,” the petition added.
The JIT has also recommended a further inquiry and the top court agreed that the investigative team could not present substantial evidence, it continued.
There was no reason to transfer the case from Karachi to Islamabad and Zardari has been the target of political revenge throughout his life, the review petition further read.
Zardari and Talpur in the petition said that the SC decision will affect the “fair trial” and that the top court’s January 7 should be reviewed.
In light of the JIT report, the SC had directed the National Accountability Bureau (NAB) to conduct a fresh investigation within two months and file references against the accused in the case.