September 5, 2018 6:09 PM

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Pak SC orders formation of JIT to probe money laundering case

Pakistan Supreme Court today ordered the formation of a Joint Investigation Team to probe alleged laundering of billions of rupees through fake bank accounts in connivance with bankers and others to suspected beneficiaries.<br />''  <br />'' A Federal Investigation Agency has been investigating a 2015 case regarding fake accounts and fictitious transactions conducted through 29 benami accounts in various banks.<br />''  <br />'' Seven individuals, including former President Asif Zardari and his sister Faryal Talpur, were said to be involved in using those accounts for suspicious transactions which were initially found to have totalled 35 billion rupees. <br />''  <br />'' The accounts were allegedly used to channel funds received through kickbacks.<br />'' <br />

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