Verdict reserved on NAB plea to transfer money laundering case

ISLAMABAD: National Accountability Bureau (NAB) has arrested two more accused from Karachi, in fake bank accounts case, ARY News reported on Monday.

Jabbar Memon and Shabir Bambat were taken into custody by the anti-graft watchdog body from Karachi, last night.

Both the suspects are accused of causing eight billion loss to the  national exchequer, through illegal allotment of land.

Sources privy to the matter said, the arrested will be shifted to Islamabad tonight for further probe into the matter.

Last week, the NAB had arrested Aftab Memon, the close aide of former president Asif Ali Zardari.

Aftab Memon is the secretary of Karachi Development Authority who is accused of illegally allotting 7,000 acre land to frontmen of political personalities, sources further said.

Read more: Verdict reserved on NAB plea to transfer money laundering case

The unlawful allotment incurred Rs800 million loss to the national kitty as per NAB sources.

Money laundering case

Asif Ali Zardari, his sister Faryal Talpur and other accused are facing a probe into the money laundering scam involving over Rs35 billion laundered through fake bank accounts.

Zardari’s close aides Hussain Lawai and Anwar Majeed are also being investigated in the scandal. They both are in custody.

A Joint Investigation Team (JIT) formed to probe into the mega money laundering scam submitted its report in the Supreme Court. The report revealed that 29 fake bank accounts had been identified, which were used for money laundering.

The post NAB arrests two more suspects in fake bank accounts case appeared first on ARYNEWS.

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