ISLAMABAD: Pakistan’s Chief Justice Saqib Nisar on Monday hinted at constituting a high-power Joint Investigation Team – similar to the one formed in the Panama Papers case against Nawaz Sharif – to probe the money laundering allegations against former president Asif Ali Zardari and his sister, according to media reports. The Federal Investigation Agency (FIA) approached the apex court after Zardari and his sister Faryal Talpur failed to appear before a joint investigation team probing alleged money laundering of Rs 35 billion through fake accounts, the News reported.
On August 1, the FIA had issued notices to Zardari and Talpur to appear before the JIT in Islamabad on Saturday. But the duo did not appear.
During today’s hearing by a three-member bench headed by Chief Justice Nisar, Justice Umar Ata Bandia said that the money stashed in accounts is illegal. On this the chief justice observed that this is black money and the court will not spare anyone, the paper said.
Zardari, Talpur, former Pakistan Stock Exchange chairman Hussain Lawai, Summit Bank Senior Vice-President Taha Raza are among those being investigated by a seven-member JIT led by FIA Additional Director General Najaf Mirza for allegedly facilitating 29 ‘fake’ accounts in Summit Bank, Sindh Bank and United Bank Limited.