247 City News

World’s Most Authentic News Portal | Latest News | Breaking News | Gulf News | US News | Sports News | Crypto News | Insurance News | UAE News | Turkey News | Politics | Gold Price | Weather Update | Dubai Gold Rate | Sports News | Prayer Time | UK News | Hollywood Movies | Live Gaming Streaming | Forex Rates | Trading Rates

NAB investigated six corruption case of Zardari gets temporary bail

2 min read

The Islamabad High Court (IHC) granted short-term bail to Zardari in six corruption cases that are being investigated by the National Accountability Bureau (NAB).

The former president was permitted an interim bail in inquiry refer to the Opal 225 property — property owned by the Zardari group — until June 12 against surety bonds of Rs500,000. He also received an interim bail in the Park Lane investigation until June 12. The high court granted him interim bail in the money laundering case as well until May 30.

The IHC extended Zardari’s interim bail in the Tosha Khana vehicles inquiry until June 20. In an investigation pertaining to suspicious transactions, Zardari’s interim bail was extended until May 21.

Justice Amir Farooq, during the hearing of the pleas, remarked that “it seems like there is a flood of bail [applications]”.

According to an 11-page report submitted by the bureau to the IHC on Tuesday Asif Ali Zardari is named in 36 NAB investigations and the anti-corruption watchdog claims that his role has been established in at least eight cases so far.

According to the list, NAB has issued arrest warrants for Zardari only in the Park Lane case, while it has filed two temporary references against him.

The interim references have been filed against illegal award of contracts to several companies including M/S Harish, by the Sindh government’s Special Initiative Department. Another reference is based on the first information report registered by the Federal Investigation Agency on June 7, 2018 in connection with fake accounts.

The remaining five inquires relate to the embezzlement of cane growers’ subsidy, taking vehicles from Tosha Khana and paying their import duties from fake accounts, transactions of Rs8.3 billion from Bahria Town through fake accounts and getting kickbacks in JV Opal by the Zardari Group.

Copyright © All rights reserved. | All content is copyrighted © 2019-2020 by 247 City News. This material should not be published, broadcast, rewritten, redistributed or derived from. Unless otherwise prior consent, Technical feedback? [email protected]