This was called the ‘biggest money laundering case in Sindh’
Islamabad (Pakistan Point News – 6th July, 2018) The Federal Investigation Agency (FIA) on Friday arrested Pakistan People's Party (PPP) co-chairman Asif Ali Zardari’s close friend Hussain Lawai in a money laundering scam.
Lawai was the chairperson of the pakistan stock exchange and head of Summit Bank.
According to the FIA, at least 29 accounts belonging to seven people were used to launder around Rs25 billion in Sindh, which is being called the ‘biggest money laundering case in Sindh’.
These people made accounts in three banks, including Summit Bank and Sindh Bank. The accounts are reportedly used by Anwar Majeed, another of Zardari’s close aides, and employees of the Omni Group.
Majeed has not appeared in court despite multiple notices being issued to him.
Chief Justice Saqib Nisar had taken notice of the money laundering scandal and summoned the FIA’s director general on Sunday, July 8, at 10am.
Summit Bank alone had 16 accounts with transactions of Rs20 billion.
Bahria Town head Malik Riaz’s son Zain Malik and Shahrukh Jatoi’s father Sikandar Jatoi had put money in the accounts. Zain reportedly put Rs2 billion in the accounts.
The FIA said that it fears that the accounts are used to launder kickbacks from Bahria Town and other housing projects.
