Pakistan News

Money laundering case: Zardari, Faryal Talpur submit reply in FIA

ISLAMABAD: Former president Asif Ali Zardari and his sister Faryal Talpur on Wednesday has submitted their reply in Federal Investigation Agency (FIA) as they failed to appear in money laundering case.


Both accused have sought time from the agency till polls, stating that they are busy in election campaign.


Asif Ali Zardari, Faryal Talpur and their associates are accused of sending Rs35 billion abroad through fake accounts after which, their names were placed on Exit Control List (ECL).


The development comes few days after the Federal Investigation Agency (FIA) detained Central Depository Company (CDC) chairman and Summit Bank vice chairman Hussain Lawai, a close aide of the former president.


Lawai and his associates are accused of opening 29 fake accounts in the Summit Bank and United Bank of Pakistan Limited.

According to the FIA, 29 accounts were opened in the name of seven people, including a woman.


The agency said that 18 to 19 of the ‘fake’ accounts were opened in the Summit Bank alone.


FIA sources said that these accounts were used for money laundering with the accounts mainly being operated by a businessman, Anwar Majeed who is said to be very close to Zardari and his business partner.


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.

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