Faryal Talpur submits bail plea in SHC

Author: News Desk

Pakistan Peoples Party (PPP) leader Faryal Talpur, on Monday, submitted a petition in the Sindh High Court (SHC) for bail in money laundering case.

The plea was submitted by her counsel Farooq H. Naek, stating that Federal Bureau of Revenue (FBR) had declared his client as absconders. He demanded that the court take proper action in this regard.

Asif Ali Zardari, Faryal Talpur and their associates were accused of sending Rs35 billion (bn) abroad through fake accounts after which their names were placed on Exit Control List (ECL). Asif’s close friend Hussain Lawai and his aides were also accused of opening 29 fake accounts in the Summit Bank and United Bank of Pakistan Limited.

According to the Federal Investigation Agency (FIA), 29 accounts were opened in the name of seven people, including a woman.

The first investigation report (FIR) registered by the police said that the Zardari Group (Asif Ali Zardari, Faryal Talpur) got Rs15,000,000 and were among the beneficiaries of the transaction trail of fake bank accounts maintained by Omni Group. The Omni Group is owned by Anwar Majeed, another close aide of the former president.

Published in Daily Times, July 24th 2018.

Share
Leave a Comment

Recent Posts

  • Business

Gold prices dip by Rs 300 to Rs 267,400 per tola

The price of 24 karat per tola gold decreased by Rs.300 and was sold at…

4 hours ago
  • Business

Pakistan offers incentives to NY firms seeking South, Central Asia expansion

The head of Greater New York Chamber of Commerce, Mark Jaffe, Friday expressed strong interest…

4 hours ago
  • Business

US utilities want Trump, Republicans to save inflation act’

The U.S. utility industry wants the incoming Trump administration and Republican-led Congress to preserve clean…

4 hours ago
  • Business

30pc cash withdrawal facility to be available through Kisan card

Secretary Agriculture Punjab Iftikhar Ali Sahu chaired a meeting at the Commissioner's Office here to…

4 hours ago
  • Business

ByteDance’s valuation hits $300bn amid US ban uncertainty

TikTok's Chinese parent company ByteDance is valuing itself at about $300 billion after a recent…

4 hours ago
  • Business

Agri dept launches wheat campaign

The Agriculture Department has launched a massive "wheat grow campaign" to persuade and motivate farmers…

4 hours ago