The National Accountability Bureau (NAB) on Monday claimed that a major breakthrough had been made in the fake accounts case investigation after a member of the Summit Bank Board of Directors Nasser Abdulla Lootah agreed to become an approver against former president Asif Ali Zardari and his sister Faryal Talpur.
According to a media report, the arrest warrant against Lootah has also been suspended with immediate effect. The suspect is a UAE national and a prominent businessman.
The Federal Investigation Agency (FIA) is investigating more than 30 people in relation to money laundering from fictitious accounts, including Zardari and his sister Faryal Talpur. Zardari’s close aide and former chairman of the Pakistan Stock Exchange Hussain Lawai was arrested in July 2018 in connection with the probe.
The former president’s close aide and Omni Group chairman Anwar Majeed and his son, Abdul Ghani, were arrested by FIA in August 2018.
Several ‘benami’ accounts at multiple private banks were opened in 2013, 2014 and 2015 from where transactions worth billions of rupees were made, according to reports.
The amount, according to FIA, is said to be black money gathered from various kickbacks, commissions and bribe.
