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Zardari's close aide detained in money laundering case

Press Trust of India  |  Karachi 

A senior Pakistani banker, who is a of former Zardari, has been detained by the country's investigation agency in connection with a money laundering case.

The detained (CDC) and Summit was detained from after being barred from travelling to

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

According to the FIA sources, beneficiaries of the provincial deposited Rupees 35 billion in these fake accounts and the amount was subsequently transferred to different accounts including one allegedly belonging to an Arab national, Nasser Abdulla Hussain Lootah, who is the of the Summit Bank's board of directors.

Twenty nine accounts were opened in the name of seven people, including a woman, the sources said, adding that 18 to 19 of the 'fake' accounts were opened in the alone. The sources said the financial monitoring unit of the

State Bank of alerted the FIA about fictitious' transactions in the banks. Subsequently, the FIA interrogated four of the seven persons in whose name the 29 accounts were opened. All the four people, including the woman, expressed their ignorance about the transactions and recorded their statements before the concerned.

The FIA also interrogated the who claimed that he had opened the accounts on the instructions of then of the bank, Lawai.

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

First Published: Sat, July 07 2018. 16:30 IST
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