KARACHI: The Sindh High Court (SHC) on Monday issued notices to the director general (DG) Federal Investigation Agency (FIA) and investigation officer (IO) on a plea seeking bail in a money laundering case.
A two-member bench of the SHC headed by Justice Aftab Gorar heard the bail plea filed by former Pakistan Stock Exchange (SECP) chairman Hussain Lawai, who is also accused of facilitating the opening of 29 ‘fake’ accounts in Summit Bank, Sindh Bank, and United Bank Limited to launder money, amounting to Rs35 billion.
The court directed the respondents to submit their replies till January 30th.
Hyder Waheed, counsel of Hussain, told the court that Supreme Court had transferred National Accountability Court (NAB) inquiry to Islamabad but FIA’s case is still under proceeding in Karachi.
The court directed the FIA and IO of the case to made it agree regarding the transformation of inquiry.
The counsel pleaded for bail saying that his client was behind the bars for five months.
However, former President Asif Ali Zardari and his sister Faryal Talpur were on interim bail granted to them by banking court of Karachi.
