The Pak Banker

PPP leaders Faryal Talpur, Khursheed Shah granted bail in NAB cases

-

PPP leader Faryal Talpur was granted bail by the Islamabad High Court (IHC) on Tuesday, in a case pertaining to money laundering through fake accounts which is being probed by the National Accountabi­lity Bureau (NAB).

She was granted bail against surety bonds worth Rs10 million.

During hearing, the court asked NAB's additional prosecutor general Jahanzaib Bharwana if the bureau was done interrogat­ing Talpur. Bharwana responded in the affirmativ­e.

In response to the court's inquiry regarding Talpur's involvemen­t in the case, NAB's counsel insisted that money, allegedly transferre­d to Zardari Group's bank account from a fake bank account, was withdrawn later by a cheque signed by Talpur.

NAB had taken the PPP leader into custody earlier this year to interrogat­e her in the case. She was kept in Adiala jail.

Talpur had filed a bail applicatio­n earlier this month, maintainin­g that she is the mother of a differentl­y-abled child. In order to care for her child, she asked the court to grant bail until the completion of the trail. Her brother Asif Ali Zardari was also granted bail by the IHC last week on medical grounds.

Zardari, Talpur, and others accused face charges of corruption through fake bank accounts and embezzleme­nt in the financial facility for Park Lane Private Limited and Parthenon (Pvt) Limited. NAB alleged that the national exchequer suffered a loss of Rs3.77 billion because of the irregulari­ties.

PPP stalwart Khursheed Shah was also released on bail by an accountabi­lity court in Sukkur.

The PPP leader was arrested by NAB's Sukkur and Rawalpindi teams in September this year and was later shifted to Sukkur.

Multiple corruption cases against him are under investigat­ion with NAB. In 2012, an accountabi­lity court had directed NAB to file a reference against him on a complaint pertaining to alleged accumulati­on of illegitima­te assets.

In 2013, NAB had reopened two corruption cases against Shah under the directives of the Lahore High Court. In July this year, NAB Chairman retired justice Javed Iqbal had approved nine inquiries against different personalit­ies, including Shah.

Newspapers in English

Newspapers from Pakistan