Pakistan News

Fake Accounts Case: NAB apprehends Park Lane’s accountant in fake accounts case

ISLAMABAD: The National Accountability Bureau (NAB) here on Wednesday apprehended an accountant of Park Lane Estate Company Private Limited in fake accounts case.

 

The anti-graft watchdog conducted raid at the office of Park Lane Company today, reportedly owned by Pakistan Peoples Party (PPP) Co-chairman Asif Ali Zardari, and booked an accountant Muhammad Hanif.

 

NAB sources said that Muhammad Hanif handled all the financial matters of Park Lane Estate Company Private Limited and Parthenon (Pvt) Limited.

 

The sources said, “The suspect uses benami bank accounts for the transactions of Park Lane Estate Company and Parthenon.”

 

Muhammad Hanif also used fake pay orders and bank drafts for the transactions of the companies reportedly owned by Asif Ali Zardari.

 

Earlier, Former president Asif Ali Zardari had moved the Sindh High Court (SHC) over the Park Lane Company issue on April 16.

 

In a petition in the high court the Co-chairman of Pakistan People’s Party (PPP) had denied his association with the Park Lane Construction Company.

 

In his plea, the former president had stated: “I owned just 25 percent shares of the Park Lane Company, and in 2008, had resigned from its directorship before taking oath as president of Pakistan.”

 

“The Security Exchange Commission of Pakistan (SECP) was informed about the decision,” Zardari had said in his petition.

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