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Former Pak Prez Asif Ali Zardari arrested

Zardari was allegedly running a fake front company by the name of Parathon as a shareholder in Park Lane properties. Zardari is already in the custody and set to appear in front of the Accountability court on Tuesday.

Former Pak Prez Asif Ali Zardari arrested
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Published : Jul 2, 2019, 7:21 AM IST

Islamabad: Former Pakistan President Asif Ali Zardari was arrested in a multi-million dollar money laundering case on Monday by The National Accountability Bureau.

Zardari was allegedly running a fake front company by the name of Parathon as a shareholder in Park Lane properties.

Zardari is already in the custody and set to appear in front of the Accountability court on Tuesday.

The charges entail that the former President took out a loan worth Rs 1.5 billion from the National Bank of Pakistan in the name of Parathon and transferred to the company account in a private bank.

If the court approves his physical remand in both cases then the investigating officers will have the right to question him in their respective cases.

Read also: OPEC to extend oil production cuts for six months

Islamabad: Former Pakistan President Asif Ali Zardari was arrested in a multi-million dollar money laundering case on Monday by The National Accountability Bureau.

Zardari was allegedly running a fake front company by the name of Parathon as a shareholder in Park Lane properties.

Zardari is already in the custody and set to appear in front of the Accountability court on Tuesday.

The charges entail that the former President took out a loan worth Rs 1.5 billion from the National Bank of Pakistan in the name of Parathon and transferred to the company account in a private bank.

If the court approves his physical remand in both cases then the investigating officers will have the right to question him in their respective cases.

Read also: OPEC to extend oil production cuts for six months

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