IHC grants bail to Faryal Talpur in fake accounts case

IHC grants bail to Faryal Talpur in fake accounts case

IHC grants bail to Faryal Talpur in fake accounts case

The Islamabad High Court (IHC) on Tuesday approves Faryal Talpur’s bail plea in the fake accounts case..

The court has ordered Faryal Talpur to submit surety bonds worth Rs10 million.

A special bench comprising of Chief Justice Athar Minallah and Justice Amir Farooq announced the verdict.

Earlier in the day, the National Accountability Bureau (NAB) court had extended Faryal Talpur’s judicial remand till Jan 7, 2020.

The court also accepted Asif Zardari’s application seeking exemption from appearance.


The authorities also presented Abdul Ghani Majeed and other accused in court.

The National Accountability Bureau (NAB) has filed a supplementary reference against former president Asif Ali Zardari and his sister Faryal Talpur in the fake accounts case.

A key progress in the fake bank accounts case as the supplementary reference has been filed against Zardari and Faryal Talpur.

According to the reference, the corruption watchdog body alleged that the funds of a private bank were wrongly used and land was purchased under the name of a ‘benamidar’.

The reference said that Anwar Majeed, Abdul Ghani and Mustafa Zulqarnain played a crucial role in the case.

The NAB said that the accused named Mushtaq has a joint account with Zardari, adding that according to the bank record, the account was used for the former president.


“Funds were also transferred abroad through the same account,” the reference stated.

The reference stated that Rs8.3 billion were withdrawn from the fake accounts and Rs1.2bn were taken out illegally from a private bank’s account.

It also says that Rs950 million were then transferred back to Zardari’s account for his use.

The National Accountability Bureau (NAB) has also finalist assets beyond known sources of income reference against Pakistan People’s Party (PPP) leader Syed Khursheed Shah, sources said Tuesday.

Khursheed Shah has been accused of making assets worth 1.3 billion rupees, the sources said and added it has been dispatched to the NAB headquarters for the final approval.

After the approval from the Chairman NAB Justice retired Javed Iqbal, the reference will be filed against the PPP stalwart in the accountability court.


Last week, the NAB had decided to form a Joint Investigation Team (JIT) to probe into the case against Syed Khursheed Shah.


Read More News On

Catch all the Pakistan News, Breaking News Event and Latest News Updates on The BOL News

Download The BOL News App to get the Daily News Update & Follow us on Google News.

End of Article

Next Story