Zardari summoned in Rs8 billion ‘suspicious bank transactions’ case

An accountability court has summoned former president Asif Ali Zardari on May 20 in a case involving Rs8 billion suspicious transactions through fake bank accounts. 

Admitting the fifth reference involving bogus bank accounts against Zardari, the accountability court issued summons for the nominated accused in this case, Pakistan People’s Party (PPP) co-chairman and his stenographer Mushtaq Ahmad. In the Rs8 billion suspicious transactions case, the National Accountability Bureau (NAB) pleaded they have solid evidence that Zardari bought his residence in Clifton, Karachi using the ill-gotten money. 

According to the NAB, stenographer Mushtaq gave money for the purchase of Zardari’s Clifton residence. As many as Rs150 million were paid from Mushtaq’s bank account for the purchase of Zardari’s Clifton residence. The NAB said that Zardari failed to provide any details of the money invested in his Clifton residence.