Pakistan

IHC approves bail of Faryal Talpur in fake bank accounts case

IHC approves bail of Faryal Talpur in fake bank accounts case

ISLAMABAD – Islamabad High Court (IHC) on Tuesday has granted bail to Pakistan Peoples Party’s (PPP) senior politician and member of the provincial assembly of Sindh Faryal Talpur in fake bank accounts case.

According to details, the court has directed Talpur to submit surety bond worth Rs10 million.

Earlier today, an accountability court in Islamabad had extended the judicial remand of Faryal Talpur till January 7, 2020 in the money laundering case.

However, former president Asif Ali Zardari was granted exemption from his personal appearance in the hearing after his defense counsel submitted a plea on health grounds.

On December 11, IHC had granted bail to former president and PPP co-chairman Asif Ali Zardari on medical grounds in the Park Lane Estate Company and the money laundering through fake bank accounts references filed against him by the National Accountability Bureau (NAB).

On July 29, an accountability court issued copies of the Park Lane reference against former president Asif Zardari which states that the Asif Zardari had taken Rs 1.5 billion loan from National Bank of Pakistan (NBP) in the name of fake company Parthenon.

On June 10, Asif Ali Zardari had surrendered himself to a team of the National Accountability Bureau (NAB) after IHC rejected his and his sister Faryal Talpur’s pre-arrest bail plea in the money laundering case.