Pakistan

Suspect in fake accounts case sent to jail after refusing plea bargain deal – Pakistan

On Wednesday, an accountability court sent a man, who is nominated in a case related to money laundering, to jail until September 20 in pretrial detention after he withdrew his request to reach an agreement with the National Office of Accountability (NAB).

During a hearing in an accountability court today, Khursheed Anwar Jamali, who had been arrested by NAB on charges of financial misappropriation and money laundering in May this year, said he could not pay the amount the anti-corruption agency was demanding. . .

His case is related to the biggest case of money laundering and false accounts involving former President Asif Ali Zardari, his sister Faryal Talpur, former Summit Bank president Hussain Lawai and other prominent figures.

The NAB prosecutor told the court today that Jamali had agreed to deposit 57 million rupees, but that the amount required in the plea bargaining agreement was north of 100 million rupees.

At a separate hearing on another case related to the same matter, the court filed a statement from Nadeem Altaf, an executive vice president of Sindh Bank who was nominated in the case but had requested permission to become an approver against the accused. In his statement today, Altaf said he was "obligated to approve loans."

He said he had met Lawai in 2016 along with Bilal Sheikh, another suspect. At that meeting, a plan was developed to benefit Summit Bank and its former president, Altaf said. According to Altaf, Sindh Bank illegally granted loans to Lawai's facade companies. The money was deposited in a private bank.

Altaf also said that despite the fact that the companies in Lawai could not repay the borrowed money, no measures were taken to declare that they had defaulted and, instead, the Sindh Bank granted them more loans. He added that Sheikh, former president and current director of Sindh Bank, and Tariq Ehsan, the current president, had also been involved in the plan.

The court accepted Altaf's request to become an approver and ordered his release. NAB had stopped him in July.

Source: https://www.dawn.com/news/1504599/suspect-in-fake-accounts-case-sent-to-jail-after-refusing-plea-bargain-deal

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