The National Accountability Bureau (NAB) has decided to file a supplementary reference against former president and Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari in the Park Lane Estate Company case.
The accountability watchdog has obtained new evidence through investigating Securities and Exchange Commission of Pakistan’s (SECP) relevant record and testimonies of witnesses in the same case while probing into allegations against Zardari.
Meanwhile, the bureau has informed the court that has been proceeding with the case about the matter.
All suspects have been accused of fraudulently taking billions of rupees from the National Bank of Pakistan (NBP).
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.
At that time, NAB had stated that it was proved during the investigation of the case that PPP leader had done corruption and money laundering with the help of his close aides. The NAB further had stated the loans were taken by showing fake documents and those loans were then used for personal gains.
According to the reference, Rs1.5 billion were taken in 2009 and Rs800 million were withdrawn in 2012. It had added that the NBP suffered loss of Rs3.77 billion due this fraud. It had further mentioned that Zardari as the president had forged documents to comply with the loan policy and coaxed the NBP into loan approval.
Asif Zardari was 25% share holder in Park Lane Company and he also made a fake company Parthenon in the name of his employees. Besides, a property was also bought in the IBC Center where the bureau has sealed eight floors.
On July 1, the NAB had arrested Zardari in the Park Lane case while he was already in custody with the bureau’s Rawalpindi directorate in connection with the fake accounts case.
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.
The accountability watchdog had arrested him in June after the cancellation of his pre-arrest bail by the Islamabad High Court in the fake bank accounts case.
Following the refusal of bail, a team of anti-corruption watchdog accompanied by police personnel had reached the residence of PPP co-chairman and arrested him. Asif Zardari was taken to NAB office in Rawalpindi where he was shifted to cell no 2.
The NAB has been conducting investigation in pursuance of the Supreme Court’s verdict in the money laundering of billions through fake accounts case wherein it forwarded the joint investigation team (JIT) report with directions to investigate and file references.
On June 26, Zardari had withdrawn his bail applications in three cases saying he knew why he was suffering and "does not want to embarrass anyone".
He withdrew his applications seeking bail in Park Lane, Tosha Khana luxury vehicles and bulletproof vehicles references filed against him by NAB.
As per the prosecution, the Park Lane case is being investigated under different sections of NAO 1999 and Anti-Money Laundering Act 2010 for Zardari’s alleged involvement "in extending loan and its misappropriation by M/S Parthenon Private Limited, M/S Park Lane Estate Private Limited and others".
