Pak Court extends Zardari's remand till August 8

The case pertains to suspicious transactions worth Rs 4.4 billion allegedly carried out through a fictitious bank account. Zardari and his sister have denied any links with the fake accounts.

Islamabad: An accountability court on Monday extended the physical remand of former President Asif Ali Zardari and his sister Faryal Talpur till August 8 in a money laundering case worth Rs 4.4 billion.

The National Accountability Bureau (NAB) had sought a 10-day physical remand of Zardari.

Zardari was first arrested by the NAB in June after the Islamabad High Court recalled the pre-arrest bail granted to him and his sister in the fake accounts case.

Zardari and his sister have denied any links with the fake accounts. The two have the option of appealing the order in the Supreme Court.

The case pertains to suspicious transactions worth Rs 4.4 billion allegedly carried out through a fictitious bank account.

In January last year, the Federal Investigation Agency (FIA) began an inquiry when the State Bank of Pakistan's financial monitoring unit issued a "suspicious transaction report" on 10 bank accounts.

Transactions worth billions were made over the years when over 20 bogus accounts were opened with a private bank.