IHC grants protective bail to Asif Ali Zardari in money laundering scam

 
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Islamabad, August 18 (TNS): Pakistan People’s Party (PPP) Co-chairman Asif Ali Zardari has been granted a protective bail by Islamabad High Court in money laundering case on Friday.

In a single bench Justice Miangul Aurangzeb Hassan heard the case and approved the bail for the former president until Sept 3.

After a banking court in Karachi issued non-bailable warrants for his arrest, Asif Ali Zardari approached the Islamabad high court for protective bail for a surety of Rs5 lacs.

Earlier the banking court issued non-bailable arrest warrants for Zardari and 15 others involved in the case over their absence from the trial.

The court issued warrants for PPP co-chairman Asif Ali Zardari, Namar Majeed, Aslam Masood, Arif Khan, Naseer Abdullah Hussain, Adnan Javed, Mohammad Umair, Iqbal, Azam Wazir Khan, Zain Malik and Mustafa Zulqarnain.

The court ordered that the suspects be arrested and presented before it on September 4.
Zardari and his sister Faryal Talpur are among the suspects named in the money-laundering scam.

Ms Talpur has already obtained bail before arrest from the trial court.

According to the FIR registered by FIA, transactions of billions of rupees were made into suspicious accounts, including the one owned by the PPP leaders, the Zardari Group, which is accused of receiving Rs 15 million of the laundered money.