Fake Bank Accounts: Supreme Court Adjourns Hearing Till Final Report Of JIT

Supreme Court adjourned suo moto case pertaining to money laundering through fake bank accounts till submission of the Joint Investigation Team (JIT)'s report.

ISLAMABAD, (UrduPoint / Pakistan Point News - 30th Oct, 2018 ) :Supreme Court adjourned suo moto case pertaining to money laundering through fake bank accounts till submission of the Joint Investigation Team (JIT)'s report.

A three-judge bench headed by Chief Justice Mian Saqib Nisar observed that JIT probing the money laundering case has started receiving information from concerned departments and it would be better to wait for its final report.

Last week, Supreme Court expressed ire over Sindh government's noncooperation with JIT and directed Sindh Chief Minister Murad Ali Shah to ensure cooperation.

During course of proceedings, Director General Federal Investigation Agency (FIA) Bashir Memon informed the bench that Omni Group's assets worth Rs11.29 billion are mortgaged with banks.

Chief Justice Mian Saqib Nisar remarked that the apex court was fully aware of developments in the case.

He said "We did not get Nimr Majeed arrested as to resolve financial matters of the company adding that banks are suffering losses so you people have to repay them.

Munir Bhatti, counsel for Omni Group informed the bench that they are in talks with banks, and requested to give them 10 days more.

That time another counsel of the group, Khawaja Naveed added that "Omni Group's accounts are frozen and loans can be repaid through them."Justice Nisar said right now we will not issue any order regarding this and adjourned further hearing of the case till November 5.

Former president Asif Ali Zardari, his sister Faryal Talpur, Omni Group's Anwar Majeed, former pakistan stock exchange chairman Hussain Lawai and Summit Bank Senior Vice-President Taha Raza are among those being investigated by the Federal Investigation Agency (FIA) for alleged money laundering of billions through fake accounts.