SC ordered State Bank to suspend 29 fake bank accounts under FIA investigation – Research Snipers

SC ordered State Bank to suspend 29 fake bank accounts under FIA investigation

The Central bank of Pakistan has been ordered by the Supreme Court of Pakistan on Monday to suspend all fake bank accounts until the FIA’s ongoing probe is completed.

The Chief Justice was hearing the Khalid Ranjha’s petition filled in the Supreme Court of Pakistan about the operations of the bank accounts under the investigation.

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The lawyer filed the petition and protested over the order passed by the Chief Justice of Pakistan, saying that the company of his client will be closed in the result of freezing the bank accounts. “Let the company shut down”, the Chief Justice of Pakistan Mian Saqib Nisar said while rejecting the petitioner’s concerns.

The Federal Investigation Agency (FIA) is currently probing into the 29 ‘benami’ bank accounts which were allegedly been used for the transactions of the illegal funds. The FIA has accused the former President Asif Ali Zardari, his sister Faryal Talpur, and others of beneficiaries of the suspicious transfer of the money.

On the other hand, the close aid to the former President of Pakistan Hussain Lawai is also one of the people accused by the FIA of facilitating the opening of the fake bank accounts and currently is into the FIA’s custody.

Moreover, the federal agency has detained two other bankers along with Hussain Lawai for their alleged involvement in the laundering of more than Rs35 billion.