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  1. #1
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    Supreme Court orders formation of JIT to probe 'mega corruption' fake accounts case

    The Supreme Court (SC) on Wednesday ordered the formation of a Joint Investigation Team (JIT) to probe alleged laundering of billions of rupees through fake bank accounts in connivance with bankers and others to suspected beneficiaries, including former president Asif Zardari and his sister Faryal Talpur.

    A Federal Investigation Agency (FIA) JIT has been investigating a 2015 case regarding fake accounts and fictitious transactions conducted through 29 ‘benami’ accounts in Summit Bank, Sindh Bank and UBL.

    Seven individuals, including Zardari and Talpur, were said to be involved in using those accounts for suspicious transactions which were initially found to have totalled Rs35 billion. The accounts were allegedly used to channel funds received through kickbacks.

    While hearing a suo motu case regarding a delay in the FIA probe into the case, the SC had earlier deliberated over the formation of an investigation team, but said that it would only be constituted once the defence and prosecution lawyers concluded their arguments.

    The three-judge bench led by Chief Justice of Pakistan (CJP) Mian Saqib Nisar, however, has not decided who will be a part of the JIT. The apex court is also in favour of halting the proceedings in the trial court.

    The CJP described the case as a "big corruption case".

    "It is necessary to have a mega corruption case probed by a JIT," he said, adding that the court had constituted JITs to probe a number of similar cases.

    Justice Umar Ata Bandial asked FIA Director General Bashir Memon why his team wanted the inclusion of Inter-Services Intelligence (ISI) and Military Intelligence officials in the JIT, to which Memon responded that the FIA wanted officials belonging to the Securities and Exchange Commission of Pakistan, the Federal Board of Revenue, and the State Bank of Pakistan, along with ISI and MI officials on the JIT.

    "Whether or not the people being investigated talk is up to them," Memon said.

    The DG FIA added that investigating officers' lives have been threatened.
    'Who put the money in accounts?'

    Shahid Hamid, the counsel for the Omni Group, its chairman Anwar Majeed and Ghani Majeed rejected the creation of a JIT to probe the case, and expressed concerns over the media coverage of his clients.

    "We will control the media, but tell me why we shouldn't create a JIT," the CJP responded. "This is not some small case. Did angels put the money in the bank accounts?" he asked. "We will find out who the money belongs to."

    "For now, we are not accusing anyone," the top judge said. "Why is the Omni Group shying away from the JIT?" he asked.

    The CJP said that the court wanted to create a JIT in order to uncover corruption, adding: "It is possible that the JIT results are in your favour."

    FIA Director General Bashir Memon told the bench today that during a search of Majeed's office, a company in Dubai had been discovered.

    Memon said that the company's accounts contained millions of dirhams. "Through foreign currency accounts money is being sent to England and France," he said, adding that the amount was being transferred through fake bank accounts.

    Justice Ijazul Ahsan asked Memon if the FIA had any experts skilled in foreign currency. The CJP agreed that an advanced, modern team was needed.

    Attorney General of Pakistan Anwar Mansoor pointed out that certain problems arose when investigating banks and other such institutions outside Pakistan. "The problem is that we can't get the help of skilled private personnel," he explained, adding that the National Database and Registration Authority had the help of skilled IT personnel.

    The CJP said that the creation of a JIT was necessary. "We can have a JIT investigate all over again," he said. "We want to bring the truth to light. A fraud worth billions has taken place."

    Munir Bhatti, the counsel for Nimr Majeed, Mustafa Majeed and Ali Kamal Majeed was present in the court. He said that Ali Kamal’s six-year-old daughter had been unwell abroad and that if is client was cleared by the court, he would travel to visit her.

    "No one will leave the country until we conclude the investigation," the CJP asserted, adding: "We must be convinced if someone is unwell."

    The top judge observed that whenever a big fish was caught by the DG FIA, he became sick. "Even young people seem to get sick when they are caught," he said.

    Bhatti said that since the family members did not hold any public positions, a Panama-style JIT ─ as earlier suggested by the court ─ could not be created to probe the case.

    Justice Bandial asked the lawyer what rights of his would be impinged upon due to the creation of a JIT and wondered what objections he could have to institutions investigating the case asking other state institutions for assistance in the matter.

    “Whose Rs35bn are these? Where did they come from, and where did they go?" the CJP asked the Omni Group lawyer. "We want to find out, Shahid Hamid, whether any angels were behind this."

    The CJP said that the investigation of the case could be carried out in Sindh, but the DG FIA was of the opinion that it should take place in Islamabad as the MI's help would be necessary for probing call records and other data.

    Memon said that because of the SC's notices, banks had handed over their records, and that in this case the heads of the banks were involved themselves.

    https://www.dawn.com/news/1431098/sc...-accounts-case

  2. #2
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    So will this case be the next Panama? Zardari and co. looks to be in trouble.

  3. #3
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    FIA identifies two more companies linked with money laundering probe against Zardari

    Two more companies belonging to the Zardari Group have been identified in connection with the alleged laundering of billions of rupees, the Federal Investigation Agency (FIA) told the Supreme Court (SC) on Thursday.

    PPP Co-chairperson Asif Ali Zardari, his sibling Faryal Talpur and several of their business associates are currently being probed as part of a 2015 case regarding fake accounts and fictitious transactions conducted through 29 ‘benami’ accounts in Summit Bank, Sindh Bank and UBL.

    The FIA, in its progress report submitted in the SC today, claimed to have identified two additional companies — M/s Landmarks and National Gases (Pvt) Limited — tied up with the investigation.

    The agency said it came to know of the two companies from a hard disk confiscated during last week's raid on Khoski Sugar Mills — an Omni Group-owned facility whose head Anwar Majeed is a close Zardari confidant.

    The report said that M/s Landmark is a partnership firm between Zardari, Talpur and Azra Fazal, whereas M/s NGS has several members of the Majeed family holding key positions.

    The FIA further said that it is analysing NGS's transactions and "its role in laundering of the money".

    The agency also named five members of the Omni Group who, it claims, deposited funds into a Summit Bank account, after which the funds were routed to various banks in London.

    The FIA further alleged that, in addition to conventional banking channels, funds were also laundered via Hawal/Hundi system for the purchase of moveable and immovable properties overseas.
    Fake bank accounts case

    Zardari siblings and their business aides face allegations that they illegally channelled funds through the said accounts to launder them in connivance with the CEOs of major banks.

    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.

    Lawai is in judicial custody, whereas the FIA has been given the physical remand of Anwar Majeed and several others.

    Zardari and siblings, meanwhile, have obtained pre-arrest bails, and according to the FIA reported submitted in the SC, have been handed questionnaires to respond to the allegations levelled against them.


    https://www.dawn.com/news/1431305/fi...gainst-zardari

  4. #4
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    Lets get to the truth.

  5. #5
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    Ab Zardari ki Bari.

    Let's make it a hash tag #Ab_zardari_ki_bari

  6. #6
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    Zardari can not escape the reach of Allah, no one can! His time is near, insha Allah. Understandably, he will try everything to avoid being arrested like Nawaz did.


    PP's own self proclaimed sharpshooter and defender of Islam and Pakistan.

  7. #7
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    Quote Originally Posted by PakLFC View Post
    Zardari can not escape the reach of Allah, no one can! His time is near, insha Allah. Understandably, he will try everything to avoid being arrested like Nawaz did.
    I am hearing rumours that he has been suffering from terminal cancer in the last year and has been undergoing chemotherapy. It explains his massive hairloss, fair appearances in the recent past. If he knows he is going to die anyways, he will have nothing to fear or lose, but will do anything to protect all of his ill gotten wealth for his future generations.

    Goes to show you take nothing with you on your death bed

  8. #8
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    Quote Originally Posted by Savak View Post
    I am hearing rumours that he has been suffering from terminal cancer in the last year and has been undergoing chemotherapy. It explains his massive hairloss, fair appearances in the recent past. If he knows he is going to die anyways, he will have nothing to fear or lose, but will do anything to protect all of his ill gotten wealth for his future generations.

    Goes to show you take nothing with you on your death bed
    May Allah have mercy on him if that is true. People like him should reflect how chasing money all your life will not get you anywhere. The billions he has are at the expense of suffering and hungry people, no person will ever need so much money. Yes, I have also wondered how his health has greatly deteriorated steadily over the past year or so. Just a few years back he was arrogantly telling Raheeel Sharif " hum ne yahan rehna hai, eent se eent bajadenge!". He was also taunting NAB with " inki kya majaal hai" and nonsense like that. No one is going to be on earth forever so better not to ever challenge the might of Allah.


    PP's own self proclaimed sharpshooter and defender of Islam and Pakistan.

  9. #9
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    Say what ever you want about Zardari. Compared to NS, the man has cajones, guts and stays calm/relaxed under pressure.

    He has been in jail and has faced everything for almost 10 plus years. He doesn't run away from inquiries, courts unlike NS.

    Lol, but still nothing to be proud off.

  10. #10
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    the end seems to be nearing for Zardari with each passing day.


    When in Doubt- Act Stupid....... That's Pakistan Cricket for you.


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