NAB granted time to respond to Lawai’s pleas in fake accounts case


The Islamabad High Court (IHC) granted time to the National Accountability Bureau (NAB) for submission of answers in post-arrest bail petitions of three accused, including Summit Bank CEO Hussain Lawai, Vice President Taha Raza and Omni Group’s Abdul Ghani Majeed.

A divisional bench comprising Justice Aamer Farooq and Justice Mohsin Akhter Kiyani heard the bail petitions of the accused in mega money laundering and fake accounts case.

Lawai’s counsel Syed Ishfaq Hussain Naqvi and NAB Deputy Prosecutor General Sardar Muzaffar Abbasi appeared before the bench.

During the course of proceeding, the NAB prosecutor prayed the bench to grant time to submit reply which was accepted by the court. The hearing adjourned for an indefinite time.

It may be mentioned here that Abdul Ghani Majeed, Hussain Lawai and Taha Raza were arrested by the Federal Investigation Agency (FIA) after a scam of money laundering worth Rs35 billion surfaced in a report of joint investigation team (JIT) constituted by the Supreme Court (SC). The report stated that money laundering was done through using the fake accounts opened in Summit Bank and Sindh Bank.