Fake Accounts Investigation | Updates & Discussions

[shahbaz baig]

04 Feb 2019

Fake accounts case: NAB files request to transfer case to Islamabad

The National Accountability Bureau (NAB) has filed an appeal before a banking court in Karachi to transfer the case pertaining to money laundering of billions through fictitious bank accounts to Islamabad.

 

[shahbaz baig]

05 Feb 2019

NAB seeks court permission to interrogate Abdul Ghani Majeed

06 Feb 2019

NAB issues arrest warrant for Abdul Ghani Majeed

 

[shahbaz baig]

07 Feb 2019

Fake accounts case: NAB constitutes teams to record statements

The National Accountability Bureau (NAB) on Thursday constituted various teams to record statements from Karachi and Islamabad in light of the evidence available in the fake accounts case, a statement released by the bureau said.

 

[shahbaz baig]

8 Feb 2018

PPP is looking for investigation in sindh, Karachi, any sane can easily understand what does it mean.

Sindh govt asks the Supreme Court to shift fake accounts investigation to Karachi

Does constitution of Pakistan allow the accused to persuade Supreme Court that how should investigation be Done?

If SC is working according to the wishes of accused then the serious question will be raised regarding the credibility of SC.

Let's see either SC support accused or the NAB..

Let's see either NAB is doing some favour to accused or strictly investigate the case.

 

[shahbaz baig]

10 Feb 2019

Fake accounts case: Aslam Masood complains of cardiac pain

RAWALPINDI: The ‘mastermind’ of fake bank accounts case, Aslam Masood, who was nabbed on Feb 8 by the Federal Investigation Agency (FIA), complained of a cardiac pain on Saturday, ARY News reported.

According to details, the investigation agency has moved Masood to the Rawalpindi Institute of Cardiology for his medical check-up.

Masood, Chief Financial Officer (CFO) of Omni Group, was arrested by the Interpol when he was boarding a flight from London to Jeddah in October. Yesterday, he was subsequently extradited to Pakistan from Saudi Arabia.

Read More: NAB forms teams to record statements in fake bank account case

An FIA team had wanted to go to Saudi Arabia and arrest Masood there, however, the team wasn’t issued visas.

He was deported by Saudi Arabia on Friday afternoon, and as soon as he landed at the Islamabad International Airport, he was taken into custody by the FIA.

Earlier in August, the Supreme Court (SC) had issued non-bailable arrest warrants for Masood, declaring him an absconder.


After Nawaz, Another patient of cardiac pain after arrest.

These political goons really think that people of Pakistan are fools.

They have serious diseases espicially after their arrestation but haramkhors don't die no matter what.

 

[shahbaz baig]

10 Feb 2019

Fake bank accounts scam: NAB head, CIT staff receive security threats

Denying custody of AG Majeed: NAB to file appeal against banking court order

Banking Courts of Sindh denying appeal of NAB, and favouring the culprits.

 

[shahbaz baig]

11 Feb 2019

Illegal assets case: NAB reopens appeal challenging Zardari’s acquittal
Court to hear appeal on March 6

 

[shahbaz baig]

NAB performance is pathetic, Courts from lower to top unable to provide justice because courts always judge on documented evidence (even fake) & witnesses (even fake).

Moral:
This system never ever can provide justice. Delete this thread, there is no point to rise your voice. If you wanna really do something then make the system of vigilante justice.

In panjab IHC & LHC favoring culprits over NAB, in Sindh, banking court is favoring culprits over FIA.

Note Down every crooks sitting in Courts, they would be soon eliminated along with corrupt politicians by the people.

This system automatically provide the NRO to the rich corrupt people. And in future No one ever fear to loot the country.

 

[shahbaz baig]

15 Feb 2019

Zardari files petition against FIA's 'parallel investigation' into fake accounts case

Hypocrisy on top by zardari, because in sindh banking court FIA is responsible to answer infront banking Court, therefore it is not illegal to investigate by FIA.

Zardari is playing double game at one side he is trying his best to delay NAB investigation by utilizing legal ground in banking court and the other end he is pressuring everyone whoelse investigate his illegal money.

 

[shahbaz baig]

19 Feb 2019

Notices issued on NAB plea seeking transfer of Zardari case to Rawalpindi

19 Feb 2019

SC dismisses Asif Zardari, Faryal Talpur, Omni Group review petitions in fake accounts case

 

[shahbaz baig]

Now the ball is in NAB hands. NAB has to submit the report before SC by March 7. And there is not even single statement of zardari is recorded by the NAB.

 

[shahbaz baig]

21 may 2919

Fake accounts case: Zardari, Talpur appear before accountability court

ISLAMABAD: Pakistan Peoples Party (PPP) Co-chairman Asif Ali Zardari and Sindh lawmaker Faryal Talpur appeared before an accountability court in Islamabad on Tuesday.

Judge Arshad Malik heard the high-profile case and adjourned it till May 30.

PPP’s top leadership, Omni Group’s Anwar Majeed and his son Abdul Ghani Majeed, former Pakistan Stock Exchange chairperson Hussain Lawai, Summit Bank Senior Vice-President Taha Raza are among those being investigated in cases related to the fake accounts scandal. The matter is also being heard by the Supreme Court.

The case was transferred to Islamabad after a Karachi banking court accepted the National Accountability Bureau (NAB) transfer request filed following the Supreme Court judgment forwarding the joint investigation team (JIT) report to the bureau with directions to investigate and file references.

On Tuesday, the accountability court dismissed post-arrest bail pleas submitted by Lawai and Raza. The single-judge bench was annoyed by the continued absence of suspects imprisoned in Karachi. Abdul Ghani Majeed filed exemption request on medical grounds. “Although production orders were produced but he cannot travel due to health issues,” said his counsel.

NAB Investigating Officer Muhammad Ali Abro informed court that the bureau had written a letter to the chief secretary of Sindh and the superintendent of Malir Jail but neither had responded. “We even suggested air ambulance to transfer the suspects,” he added.

Accountability court summons Zardari, Talpur on April 8

Pre-arrest bail plea

Meanwhile, Zardari has filed yet another pre-arrest bail plea in the Islamabad High Court fearing arrest. In the petition, the former president accuses the anti-graft watchdog of sending “call-up notice” with “mala fide intentions and ulterior motives to detain and arrest” him.

The PPP co-chairman has received interim bail in seven call-up notices so far. This is his eighth petition.

The notice in question pertains to payments worth Rs17 million made in May-June 2015 from illegal proceeds of money have been credited into the accounts of Abdul Nadeem Bhutto, Omni Aviation, Princely Jett and Fazal e Rabbi (Pvt) Ltd. The payments were portrayed as expenses incurred for the Naudero House.

Zardari has sought bail before arrest till final conclusion of the trial and interim bail before arrest until then. He has against sought a list of all cases the bureau is filing against him.

It is pertinent to mention that the anti-corruption unit furnished details of inquiries, investigations and references in the fake accounts case on May 14. In the report, NAB listed down at least eight cases where Zardari’s link had been established. It further added that 22 inquiries and three investigations are underway while three references have been filed.

Names of Zardari, Talpur struck off no-fly list

The fake accounts case history

Information regarding the fake accounts came to the fore when an intelligence agency picked up a prominent money changer in an unrelated case. In December 2015, the Federal Investigation Agency (FIA)

began a discreet investigation into certain bank accounts through which multi-billion rupee transactions have been made.

Investigators have so far identified 29 accounts which received payments, totaling at least Rs35 billion. The probe was initially shelved but resumed almost a year and a half later with FIA’s State Bank circle initiating a formal inquiry in January 2018. By June, the FIA had several high-profile names on its list but was unable to make headway–for several reasons.

It was at his point that the Supreme Court intervened and then chief justice Mian Saqib Nisar took suo motu notice of the ‘slow progress’ in the money-laundering case. In July, Zardari’s close aides Hussain Lawai, Taha Raza and two others were arrested. Subsequently, the first case was registered in the mega-corruption scandal.

The then chief justice ordered the formation of a joint investigation team to quicken the pace of the investigation. The JIT identified 11,500 bank accounts and 924 account holders at the start of their investigation. After the JIT report, the names of 172 individuals were placed on the no-fly list by the interior ministry.

Fake accounts case: Sindh CM Murad to appear before JIT today

The JIT report in a nutshell

According to the report, the JIT identified 11,500 bank accounts and 924 account holders at the start of their investigation.

Its experts generated 59 Suspected Transaction Reports (STR) and 24,500 Cash Transaction Reports. That means the transactions were flagged as suspicious.

It questioned 767 individuals, including Zardari and Talpur, while Bilawal submitted written responses.

The investigations have focused on 32 accounts of 11 fake entities. The first account, belonging to M/S Lucky Enterprises, opened in January 2010 and remained active till January 2017. It was used for 13,809 transactions.

Damning JIT report indicts Zardari, Omni groups

A thorough review of the JIT report shows that representatives of State Bank and Securities and Exchange Commission of Pakistan (SECP) played a vital role in the investigation and preparation of the final report and recommendations.

Read the full text of the JIT report here.

 

[jupiter2007]

These cases will take years before anything will happened.

 

[shahbaz baig]

Zardari Sahab Ke Ghar Par Raid Par Zardari Sahab Ne Kia Kaha Aur Waha Se Kia Mila

These cases will take years before anything will happened.

It's true but there is an other fact, Pakistan can't be a prosperous & not even survive without eradication of corrupt mafia. Now it's up to Pakistanis to decide their future & faith. Qoomo ko bar bar muqa nhi milta agr Pakistaniyo ne ye moqa gawaya tuo kabhi moqa nhi milny Wala Pakistan ki economy ko behtar rastay lejany ka.

Propaganda against Chairman NAB

There is no doubt that PPP & PMLN are playing their dirty cards against NAB. And idea is to defame chairman NAB so people will not trust on chairman NAB and once chairman NAB will be eliminated then there will be no New chairman NAB during the tenure of PTI because chairman NAB requirement is done by opposition & Govt according to constitution.

 

[shahbaz baig]

JIT unearths corruption in Sindh development funds

ISLAMABAD: A Joint Investigation Team (JIT) has found a new financial irregularity in Sindh development funds for the last 10 years while investigating fake bank accounts case, ARY News reported

Sources privy to the National Accountability Bureau (NAB) said that a new link of corruption was unearthed by the joint probe team in connection with fake accounts case.

It emerged that the funds allocated for development projects in Sindh province were submitted into fake bank account between 2010 to 2012, sources revealed.

According to details, the money was withdrawn from the national treasury under the quota of Member of National Assembly (MNA) and Member of Provincial Assembly (MPA) in the name of development funds.

The funds were apportioned for various developments projects in Matiari, Umerkot, Tharparkar and Shikarpur.

JIT sources said that the corruption was made through counterfeit development work on the same scheme for four times in various districts of Sindh.

The legislators could be summoned by the investigators for probing into misusage of developments funds for transacting through fake bank accounts.

NAB sources said that a separate reference will be filed against transaction of development funds through benami accounts.

Earlier on April 10, the Federal Board of Revenue (FBR) had claimed major success during its anti-money laundering campaign by tracing six benami accounts with over eight billion rupees transactions.

The Directorate General of Intelligence and Investigation Inland Revenue has registered a case against four traders of the city, officials said.

The four traders accused of around Rs. 1.26 billion tax theft within a span of five years, FBR officials said.

The case has been registered against Zor Talib Khan, Ammar Khan, Mohammad Hassan and Mohammad Hamza, who have been registered with addresses of Karachi’s Saddar mobile market and district Buner in Khyber Pakhtunkhwa.

The tax authorities have issued the Rs. two million bailable warrants of the each accused, officials said.

According to the FBR accused trader Zor Talib Khan is proprietor of M/s Salar Enterprises and Salar Mining. He had opened six benami accounts during year 2012 to 2017, the officials said.

Over eight billion rupees bank transactions made in six bename accounts during the five years, FBR officials further said.

The tax officials said that most of the businesses of the accused were in Karachi, but when Zor Talib Khan was issued a notice over the matter, he expressed his ignorance about it.