'Zardari could tamper records if not arrested,' NAB tells IHC

Published April 12, 2019
The bureau, in its report furnished in the court today, explained its opposition to the granted ball, saying that the former president may tamper the record if not taken into custody. ─ DawnNewsTV/File
The bureau, in its report furnished in the court today, explained its opposition to the granted ball, saying that the former president may tamper the record if not taken into custody. ─ DawnNewsTV/File

The National Accountability Bureau (NAB) on Friday formally stated the reasons for its opposition to the interim bail granted to former PPP co-chairperson Asif Ali Zardari by the Islamabad High Court (IHC) in the fake accounts case.

The IHC had on Wednesday extended Zardari and his sister Faryal Talpur's interim bails till April 29, and directed the NAB to furnish details of ongoing and pending inquiries against the PPP leader.

The bureau, in its report presented to the court today, explained its opposition to bail, saying that the former president "may tamper records" if not taken into custody. Furthermore, it accused Zardari of not cooperating with the investigation team.

Fake bank accounts case: NAB files first reference, recovers Rs600m worth of land

According to the corruption watchdog, Zardari fraudulently obtained Rs1.5 billion in loans for his Park Lane company through other firms.

The bureau has alleged that Zardari, in connivance with former prime minister and fellow party leader Syed Yousaf Raza Gillani, illegally obtained three luxury bullet-proof cars, two BMWs and one Toyota Lexus from the Toshakhana (the state gift repository), which were gifted by the governments of UAE and Libya.

NAB further said that that Zardari paid Rs37.16 million as duty/tax on the said vehicles through cheques issued from the fake accounts in question.

"NAB has collected documentary evidence in accordance with the law," it added. "However, it is the petitioner that is not cooperating with NAB. Moreover, the petitioner remained at influential positions. Therefore, tampering of evidence on his part cannot be ruled out."

The fake accounts case, through which billions of rupees were allegedly laundered, was initially registered in 2015 against former Pakistan Stock Exchange chairman Hussain Lawai, who is said to be close to Zardari. Later, the PPP co-chairperson and his sibling were also added to the probe for allegedly using the accounts under investigation for suspicious transactions.

Opinion

Danger lurks
27 Sep 2021

Danger lurks

The colonial mindset continues to percolate.
Dance of death
Updated 27 Sep 2021

Dance of death

India is happily flirting with extermination.
Climate of change
Updated 26 Sep 2021

Climate of change

The world faces a climate emergency as the toll on people’s lives and livelihoods keeps growing.

Editorial

Phasing out coal
Updated 27 Sep 2021

Phasing out coal

Move affords Pakistan an opportunity to renegotiate its deals with Beijing to convert them into cheaper, clean energy projects.
27 Sep 2021

Poor online score

A RECENT report by Freedom House, the US-based watchdog that assesses democratic trends around the world, has placed...
27 Sep 2021

Child’s mental capacity

CONVERTING to another faith is one of the most consequential decisions an individual can make in their lifetime. It...
Updated 26 Sep 2021

Intransigent Taliban

PRIME MINISTER Imran Khan has delivered an effective speech at the UN General Assembly session detailing the salient...
26 Sep 2021

Deadly misinformation

THE distinction between ‘fake’ and ‘authentic’ news is now a concept impossible to escape. In an...
26 Sep 2021

Covid arrests

THE unilateral decision taken by Karachi’s East Zone police to arrest citizens without Covid vaccination cards ...