Zardari, Talpur's bail extended till Dec 10

FIA presents progress report in fake accounts case

A banking court in Karachi granted bail extension to former president Asif Ali Zardari and his sister Faryal Talpur in a case pertaining to money laundering of over Rs35 billion through fake accounts, Express News reported.

The Pakistan Peoples Party (PPP) co-chairman and Talpur appeared before the bench while currently imprisoned Omni Group’s Abdul Ghani Majeed, former Pakistan Stock Exchange chairman Hussain Lawai were presented by the Federal Investigation Agency (FIA).

The top PPP leadership was granted extension in bail till December 10.

During the hearing, FIA Investigating Officer presented a progress report outlining that Naseer Abidullah, Hussain Lotha, Adnan Jawaid, Muhammad Umair and five others were absconding.

It is pertinent to note that the banking court has already issued bailable arrest warrants for the accused while legal formalities to declare them absconders was under way.

The authorities have sent letters to concerned commissioners asking for information pertaining to the suspects’ properties.