ISLAMABAD: An accountability courtroom right here on Monday indicted former Pakistan President Asif Ali Zardari in reference to the Park Lane corruption case. Zardari appeared earlier than the courtroom through video hyperlink from Bilawal Home in Karachi. He pleaded not […]
Zardari appeared earlier than the courtroom through video hyperlink from Bilawal Home in Karachi. He pleaded not responsible and the trial will proceed, in accordance with The Categorical Tribune.
Choose Muhammad Azam Khan heard the case and in the course of the listening to, Zardari stated that he can’t be indicted within the absence of attorneys as they’re on the Supreme Court docket. Nevertheless, the courtroom rejected Zardari’s plea and stated that the previous Pakistan President will likely be indicted and his attorneys can be marked absent if they didn’t seem earlier than the courtroom.
Different accused within the case — Omni Group chief Anwar Majeed, Sher Ali, Farooq Abdullah, Saleem Faisal and Muhammad Hanif have been additionally indicted in the course of the listening to.
As per the indictment, Zardari influenced related authorities to launch loans to entrance corporations throughout his time period as president. He was accused of being a director of Park Lane agency and planning to commit fraud.
With a malafide intention, Zardari allegedly acquired a mortgage of Rs 1.5 billion for his entrance firm, Parthenon Non-public Restricted, and the quantity was transferred for private use by way of pretend accounts.
The Park Lane corruption case is being probed over Zardari’s alleged involvement in extending mortgage and its misappropriation by Parthenon Non-public Restricted beneath completely different sections of the Nationwide Accountability Ordinance (NAO) 1999 and the Anti-Cash Laundering Act, 2010, The Categorical Tribune reported.
The Nationwide Accountability Bureau (NAB) has accused Zardari of inflicting the nationwide exchequer a lack of Rs 3.77 billion by way of pretend financial institution accounts.
In a 13-page NAB reference in opposition to the previous president and different accused, the NAB alleged that the accused created benami properties by way of Park Lane Firm, utilizing Parthenon Non-public Restricted because the entrance organisation.