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Park Lane Case: NAB to file supplementary reference against Zardari


Syed Umarullah HussainiWeb Editor

13th Aug, 2020. 02:32 pm
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Park Lane Case

The National Accountability Bureau (NAB) on Thursday decided to file a supplementary reference against Pakistan Peoples’ Party (PPP) co-chairman Asif Ali Zardari and others in Park Lane case.

According to the details, the anti-graft body will file a supplementary reference against the former president within this month, while more suspects have agreed to become approve against Asif Ali Zardari.

Last month, two former presidents of the National Bank of Pakistan (NBP) turned approve against Mr Zardari in the Park Lane reference. On August 10, Former President Asif Ali Zardari was indicted by the accountability court in Islamabad.

The court has indicted him via video link, Zardari appeared from his Bilawal House residence. The authorities have been directed by the accountability court to ensure that the accused present himself today.

The court had earlier rejected his petition and directed that the PPP leader be indicted on August 10.

Apart from that, the court has also indicted Anwar Majeed, Sher Ali, Farooq Abdullah, and Muhammad Saleem.

Park Lane case

Former President Asif Zardari and other accused face charges of corruption through fake bank accounts and embezzlement in the financial facility for Park Lane Private Limited and Parthenon (Pvt) Limited.

The Park Lane case investigated under different sections of the National Accountability Ordinance (NAO) 1999, and the Anti-Money Laundering Act, 2010, over Zardari’s alleged involvement in a loan and its misappropriation by Parthenon Private Limited.

A loan worth Rs 1.5 billion was taken from a bank and transferred to the company’s account in a private bank. Initially, loan of Rs1.5 billion was taken that gradually increased to Rs4 billion.


 

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