Fake Bank Accounts: SC orders to place 20 individuals including Sindh top political leadership’s name in ECL

ISLAMABAD: On Sunday, the Supreme Court of Pakistan has ordered the names of 20 individuals including senior most political leadership of Sindh to be placed in Exit Control List(ECL) pertaining to a fake bank accounts case.

Advertisement

Chief Justice of Pakistan Justice Mian Saqib Nisar took notice of the slow pace of inquiry into a fake bank accounts case.

Furthermore, the  apex court has summoned the seven fake bank account holders and 13 beneficiaries on July 12 (Thursday).

A local court on Saturday remanded Hussain Lawai, a close aide of former president Asif Ali Zardari, in the custody of the Federal Investigation Agency in a money-laundering probe till July 11.

Lawai was arrested by the FIA on Friday in connection with alleged money laundering worth billions of rupees. The investigation agency is probing a potential laundering scandal of Rs35 billion implicating a top political leader along with his businessman and banker friends.

The Judicial Magistrate court (South) approved the physical remand of Lawai and another suspect Taha Raza, both of whom were brought before the court earlier today.

The probe was launched after the Financial Monitoring Unit of the State Bank of Pakistan generated a Suspicious Transaction Report in January this year about 10 bank accounts.

FIA officials say that 32 people, including Lawai, are being investigated for laundering billions of rupees through ‘benami’ accounts.

According to sources, over 20 ‘benami’ accounts at a private bank were allegedly opened in 2013, 2014 and 2015 from where transactions worth billions of rupees were made in the accounts. The amount, according to FIA sources, is said to be black money gathered from various kickbacks, commissions and bribes.

Advertisement