Former Pakistan President Asif Ali Zardari arrested by anti-corruption body

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Updated: June 10, 2019 6:34:53 PM

Zardari's arrest comes hours after a court rejected his plea for pre-arrest bail in the fake bank accounts case. He was arrested from his residence in Islamabad.

Asif Ali Zardari, Zardari arrested, Asif Ali arrested, former pak presidennt arrested, Asif Ali Zardari news, Asif Ali Zardari update, Asif Ali Zardari case, Asif Ali Zardari wealthZardari was arrested from his residence in Islamabad. (Reuters)

Former Pakistan President Asif Ali Zardari has been arrested by the National Accountability Bureau in connection with money laundering case. His arrest comes hours after a court rejected his plea for pre-arrest bail in the fake bank accounts case. He was arrested from his residence in Islamabad.

A bench of the Islamabad High Court rejected a plea seeking extension in the pre-arrest bails of Zardari and his sister Faryal Talpur. On Sunday, the NIB had issued the arrest warrants against Zardari. He has been accused of operating fake bank accounts to keep money and transferring it out of Pakistan.

The NAB alleges that Zardari and his sister made transactions of Rs 150 million through fake bank accounts. The cases against the former Pakistan president are part of the probes being conducted by the NAB following the Supreme Court verdict in the money laundering of billions through fake accounts case.

Zardari can file an appeal in the Supreme Court against the verdict.

Reports suggest that the NAB has found at least eight cases where Zardari’s connection had been established. It all started four years ago when Pakistan’s Federal Investigation Agency started a discreet probe into certain bank accounts through which multi-billion rupee transactions were made.
The FIA zeroed in on several high-profile names who were involved in the alleged transactions. The apex court of Pakistan then ordered to set up a Joint Investigation Team (JIT) to expedite the investigation into the cases. According to a report in PTI, the joint probe team identified 11,500 accounts and 924 account holders at the beginning of its investigation.

(More Details awaited)

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