Two former NBP officials turn approvers against Zardari in Park Lane case | Pakistan Today

Two former NBP officials turn approvers against Zardari in Park Lane case

ISLAMABAD: Two senior officials of the National Bank of Pakistan (NBP) have turned approvers against former president and Pakistan People’s Party (PPP) Chairman Asif Ali Zardari in the Park Lane estate reference, the National Accountability Bureau (NAB) informed an accountability court on Wednesday.

The anti-graft bureau has accused Zardari of misusing his authority in his capacity as president through approving loans for companies allegedly possessed/held by him. He is accused of causing a loss of Rs4 billion to the national exchequer.

Syed Ali Raza and Syed Qamar Hussain, former president and former head of the credit committee, respectively, have come forward against the former president. In his statement, Raza claimed that Zardari had directed him to “take good care” of Omni Group chief Anwar Majeed. According to him, Zardari used to ask him to issue funds to his favourite companies.

The approvers further claimed that Abdul Ghani Majeed, another suspect in the case, used to deliver Zardari’s instructions to them.

Zardari, however, has challenged the bureau’s jurisdiction in the case. He said that the case falls within the ambit of the banking ordinance and must be heard by banking courts.

According to PPP leader Barrister Latif Khosa, suspects turning approvers against politicians is not something new. “It happens every time there is no solid evidence against the accused person. It happened with Zulfikar Bhutto too,” he said.

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