Zardari, Talpur’s judicial remand extended till Nov 12

ISLAMABAD: An accountability court has extended the judicial remand of former president Asif Ali Zardari and his sister Faryal Talpur till 12th November in the fake account case.

Judge Muhammad Bashir summoned the hearing and directed the concerned officials to begin the proceedings. The court extended their physical remand till 12th November.

On 15th October, it was revealed that the Security Exchange Commission of Pakistan’s (SECP) former director Javed Hussain had turned approver against both PPP leaders in the Park Lane Estate Company reference. 

The sibling-duo was involved in the money laundering through fake bank accounts case.

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The SECP’s former director was produced in an accountability court upon expiry of his physical remand under the custody of the National Accountability Bureau (NAB).

Both Zardari and Talpur are being held at Adiala Jail. Zardari was arrested on 10th June for alleged involvement in the money laundering case. Talpur was arrested after four days. They are being investigated in the Park Lane case too.

The money laundering case refers to the embezzlement of Rs4.4 billion. NAB has accused Zardari and Talpur of owning shares of the Zardari Group, a company that received some of the embezzled funds.

The Park Lane Estate, on the other hand, is a Karachi-based real estate firm. The NAB had initiated an inquiry against Zardari and his son, Bilawal Bhutto Zardari, on charges that they illegally transferred forest land to the firm in collaboration with some government officials.