Faryal Talpur granted protective bail in Rs35b money laundering scam


The Sindh High Court (SHC) Larkana bench on Tuesday granted protective bail to Faryal Talpur in the Rs35 billion money laundering case.

Last week, the Federal Investigation Agency (FIA) declared Pakistan Peoples Party (PPP) Co-chairman Asif Ali Zardari, his sister Faryal Talpur and 18 other absconders in the scam, the largest in Sindh history.

The bench, after hearing the arguments, granted a six-day bail upon submission of surety bonds worth Rs2 million.

Earlier during the proceedings, Talpur’s counsel Farooq H. Naek contended that the Federal Investigation Agency (FIA) had registered the case against the duo on July 21 after declaring them as absconders.

The lawyer termed the case a ‘retaliatory measure’ ahead of the general elections and asked the court to grant a 15-day bail to the accused.

PPP rejects charges against Zardari

According to the counsel, the case was tantamount to ‘pre-poll rigging’, aimed at defeat of the party in the upcoming elections.

On July 21, the duo was booked in the wake of investigators of FIA’s State Bank Circle submitting a charge-sheet (challan) of the case against Hussain Lawai and other suspects in the court.

Lawai, a famous banker and Asif Ali Zardari’s close aide, was arrested by the FIA earlier this month in the same money-laundering case. He is accused to have helped facilitate the opening of 29 “fake” accounts in the Summit Bank, Sindh Bank and United Bank Limited.

According to the FIR registered against Lawai and others, billions of rupees were deposited into fake accounts and subsequently transferred to beneficiaries, including the company owned by Zardari and his sister, the Zardari Group. The Zardari Group received Rs15 million of the laundered money, according to the FIR.

In December 2016, the Pakistan Rangers conducted raids at the Karachi office of the Omni Group of Companies and the residence of its owner Anwar Majeed, a close aid of Zardari, and confiscated record of the money laundering.

With additional input from Express News

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    Original news : https://tribune.com.pk/story/1764904/1-faryal-talpur-granted-protective-bail-rs35b-money-laundering-scam/