Former Pakistani President Allegedly Involved in Money Laundering Case

The former President of Pakistan, Asif Ali Zardari, has been accused of allegedly being involved in a money laundering probe with the country’s former stock exchange leader.  The Chairman of the Central Depository Company, Hussain Lawai, was remanded by the Federal Investigation Agency (FIA) for fraud and laundering US $288 million (RS35 billion).

In this money laundering scheme, Zardari is among 14 people who potentially benefited from the arrangement.  The former president, along with his sister and others, received US $1,174,050 (RS15,000,000).  This transaction was one of many made through a series of fraudulent bank accounts under Omni Group, owned by Anwar Majeed.

Considering the timing of the investigation in 2018 and the timing of the offenses occurring between 2014 and 2015, the Pakistan People’s Party and independent analysts believe this probe may be a political stunt to rig the pre-polls and hurt the party’s credibility.


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