Asif Ali Zardari Arrested Over Corruption and High-Profile Money Laundering Case

Former Pakistani President Asif Ali Zardari has been arrested after his bail application was rejected in connection with a high-profile money laundering case that saw vast sums of money allegedly siphoned out of the country.

A team of National Accountability Bureau arrested former president Asif Ali Zardari on Monday, hours after the Islamabad High Court dismissed the bail pleas moved by PPP leader and his sister Faryal Talpur.

The court permitted the National Accountability Bureau to arrest the duo as it announced a verdict reserved earlier in the fake bank accounts/ money laundering case, however, the anti-graft body did not arrest Faryal Talpur.

Justice Aamir Farooq and Justice Mohsin Akhtar Kiyani announced the verdict after the accused left the court premises; Pakistan Peoples Party co-chairman was on bail from as early as March 28.

The case pertains to transactions worth hundreds of millions of rupees to the two leaders’ private companies, allegedly, through fake bank accounts.

The report by the Federal Investigation Agency (FIA) submitted in the Supreme Court detailed that over Rs100b were laundered through the said bank accounts though some estimates say the amount comes out to be around Rs 35b.

The vehicle carrying Zardari entered the NAB office in the capital’s Melody Area through the rear door whereupon a team of doctors are scheduled to first conduct a medical check-up of the former president.

The report of the medical check-up will be presented in the court tomorrow (Tuesday).

The PPP leader, on the other hand, would be presented in the court tomorrow to seek a remand.