ISLAMABAD - The National Accountability Bureau (NAB) has filed a corruption reference against former President Asif Ali Zardari and others on allegations of over eight billion rupees corruption in fake bank accounts scandal before Accountability Court Islamabad.
According to details, the investigation against the holders of public office, legal persons and others involved in fake bank accounts scam regarding transactions of Rs.8.3 billion to fake accounts
According to finding of investigation, accused Mushtaq Ahmed has been made as joint account holder in order to protect the interests of accused Asif Ali Zardari and to hide the actual beneficiary of the illegal amounts being transacted into the joint account.
Mushtaq Ahmed remained a government employee on contract from 2009 till 2013 in the President House.
The colossal amount of Rs 8.3 billion paid into this joint account of Mushtaq Ahmed and Zain Malik beyond any legal consideration.
Accused Asif Ali Zardari, through corruption and corrupt practices and money laundering has acquired a property in April 2014, without consideration.
Asif Ali Zardari is allegedly involved in money laundering through his frontman accused Mushtaq Ahmed.
Zardari in connivance with accused Mushtaq Ahmed committed the offence of corruption and corrupt practices which falls under NAO, 1999 read with Section 3 & 4 of Anti Money Laundering Act, 2010.
Major portion of the transaction of Rs 8.3 billion has already been accounted for in other references filed in Accountability Courts pertaining to the fake bank accounts scam and hefty amount has been recovered through plea bargain.