You are here: Home » PTI Stories » National » News
Business Standard

Pak SC bans Zardari, his sister from travelling abroad

Press Trust of India  |  Islamabad 

Pakistan's today banned former and Peoples Party (PPP) and his sister from travelling abroad in the wake of the recent revelations in a fake accounts case, a media report said.

ordered the names of 20 people, including and Talpur, be placed on the Exit Control List, Geo TV reported.

Those persons on the list are prohibited from leaving

The order came as Nisar took notice of the slow pace of inquiry into a accounts case.

The apex court has summoned the seven account holders and 13 beneficiaries on July 12.

Zardari, Talpur, Tariq Sultan, Erum Aqeel, and are among those who have been issued notices to appear before the top court on the given date.

The top court also directed the Sindh general of police to ensure that all persons that have been summoned appear before the court.

Nasir Abdullah, Ansari Sugar Mills, Omani Polymer Packages, Pak Ethanol Private Limited, Chambar Sugar Mills, Agro Farm Thatta, Group, Parthenon Private Limited, AOne International, Lucky International, Logistic Trading, Royal International and are among the beneficiaries name in the

On Friday, the detained (CDC) and Hussain Lawai, a of Zardari, in

Lawai and his associates are accused of opening 29 fake accounts in the and of Limited.

According to the FIA sources, 29 accounts were opened in the name of seven people, including a woman. They said that 18 to 19 of the 'fake' accounts were opened in the alone.

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

According to the FIR registered against Lawai, billions of rupees were deposited into the said fake accounts and subsequently transferred to different accounts, including that of Zardari and his sister Talpur's company - - which is shown to have received Rs 15 million.

As per the contents of the report, the biggest transfer made out of the alleged fake accounts was to an Arab national, Nasser Abdulla Hussain Lootah, who is the chairman of the Summit Bank's board of directors.

Furthermore, it alleged that a sum of Rs 4.5 billion was credited and routed through the accounts during a span of 10 months.

The FIA identified Bahria Town and among the 15 parties that had made deposits totaling Rs 2.855 billion into the aforesaid accounts.

The FIR said that the beneficiaries into whose accounts the monies were routed have been issued summons.

Lawai, however, maintained his innocence after the court turned down an appeal from his to not allow his physical remand on account of his frail medical condition.

"I have nothing to do with this case. Nothing has been recovered from me. This case is about money laundering; those who did this [money laundering] are abroad, and I have been accused," Lawai said.

The has served as Chairman of the (CDC) besides holding positions of and CEO of

When asked if he had been arrested due to his rumoured friendship with Zardari, Lawai said: "I do not know if I have been arrested because of Zardari or something else. Only time will tell why I am being targeted."

Zardari, 62, is contesting for a seat from his native town Nawabshah in the upcoming

He was elected as Member of from Karachi's area of Lyari in 1990, and from Nawabshah in 1993.

Zardari served as the 11th of Pakistan from 2008 to 2013. He rose to prominence after his marriage to in 1987.

After Bhutto's assassination in December 2007, Zardari led PPP to victory in the 2008

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, July 08 2018. 16:15 IST