ISLAMABAD: Accountability court has postponed the hearing of the Park Lane case filed against former president Asif Ali Zardari till 17th July.
AC Judge Azam Khan conducted the hearing during which Asif Ali Zardari’s counsel submitted an application seeking exemption of former president from the court appearance as he is unable to attend the court hearing due to his ailment.
The court accepted his exemption in the Park Lane case and postponed the proceedings till July.
The Park Lane reference has been registered against Asif Ali Zardari and Faryal Talpur under different sections of the National Accountability Ordinance, 1999, and the Anti-Money Laundering Act, 2010.
Zardari has been charged by the National Accountability Bureau (NAB). The bureau claimed that he has been allegedly running a fake front company by the name of Parathon as a shareholder in Park Lane properties.
Additionally, a loan worth Rs 1.5 billion was taken out from the bank and transferred to the company account in a private bank. According to the NAB, Zardari forged documents to comply with the loan policy.
Zardari was granted bail by the Islamabad High Court (IHC) in December last year on medical grounds in the Park Lane and mega-money laundering corruption reference against surety bonds worth Rs10 million.
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