Money laundering case: Banking court grants bail extension to Zardari, Talpur
KARACHI: A banking court of Karachi on Tuesday has extended the interim bail of former president Asif Ali Zardari and his sister Faryal Talpur in a money laundering case.
The PPP Co-Chairman Asif Zardari had obtained a protective bail from the Islamabad High Court (IHC) in the case on August 18. The high court had directed the former president to appear before the trial court by September 3.
In today’s hearing, Talpur appeared before the court. Zardari’s lawyer apprised the court that his client was in Islamabad for the voting of presidential election hence he could not attend the hearing.
A plea for exemption from appearing in court was submitted by Zardari’s lawyer.
Accepting the exemption plea, the court adjourned the hearing till September 25.
The case was initially registered in 2015 against former Pakistan Stock Exchange chairman Hussain Lawai, who is widely believed to be close to former president Zardari.
Later, seven individuals, including Zardari and Talpur, were said to have been found involved in using those accounts for suspicious transactions which totalled Rs35 billion. The accounts were allegedly used to channel funds received through kickbacks.
Talpur had also obtained an interim pre-arrest bail in the case in the sum of Rs2 million.