FIA summons Pakistan’s former president in money-laundering case

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FIA has summoned Asif Ali Zardari and his sister Faryal Talpur in connection with a Rs35 billion ($0.29 billion) money-laundering scam, said FIA official. (ATTA KENARE/AFP)
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A summons issued to Asif Ali Zardari on Monday, July 9 has ordered the former president to appear before the Federal Investigation Agency’s banking circle in Karachi in order to record his statement.
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A summons issued to Faryal Talpur, Chief of the Women chapter of Pakistan People’s Party and sister of Asif Ali Zardari, on Monday, July 9, 2018, has ordered her to appear before the Federal Investigation Agency’s banking circle in Karachi in order to record her statement.
Updated 07 September 2018
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FIA summons Pakistan’s former president in money-laundering case

  • In case of noncompliance to appear before the FIA’s internal investigation team, necessary legal action will be taken against Asif Ali Zardari and his sister Faryal Talpur, the FIA has warned
  • Names of Asif Ali Zardari and his sister Faryal Talpur among others have already been placed on the Exit Control List

KARACHI: The Federal Investigation Agency (FIA) has summoned the former President and leader of Pakistan People’s Party (PPP), Asif Ali Zardari, and his sister Faryal Talpur in connection with a Rs35 billion ($0.29 billion) money-laundering scam, said FIA official.
The senior official, who requested anonymity, told Arab News that summonses have been sent and if the accused fail to receive them, they will be posted to their residences in Karachi as per procedure. “An internal investigation team has also been formed to interrogate both Zardari and his sister,” the official told.
Arab News obtained a copy of the the summonses, which were issued on July 9. They ordered former President Asif Ali Zardari and his sister Faryal Taplur to appear before the banking circle of FIA Karachi on Wednesday (tomorrow).
“It has come on record that cheque No.5384360, dated 20-05-2014, amounting to Rs15 million of A/c No.1-2-28-20620-714-139111 titled A-One international maintained at summit bank Kh-e-Tanzeem Branch Karachi is credited in account No 1-2-15-20620-714-103078 titled Zardari group (Pvt) Limited maintained at summit bank,” reads the summon issued to the former President by Muhammad Ali Abro, Assistant Director, Banking Circle of FIA Sindh.
The summonses, which warned Zardari and Faryal of the initiation of legal action in case of noncompliance, read: “Whereas you being the director of M/S Zardari Group (Pvt) Ltd. are acquainted with the facts of the said case, therefore, you are advised to appear before the undersigned to record your statement on 11-07-2018 at 10:00 hours along with your original CNIC and to justify the above mentioned transaction along with complete details.”
Names of Asif Ali Zardari and his sister Faryal Talpur have already been placed on the Exit Control List.
According to a FIR registered by the FIA’s Banking Circle Karachi, the former president and leader of the Pakistan People’s Party, Asif Ali Zardari, and his sister, Faryal Talpur, are among 13 people who benefited from the arrangement.




FIA's summon being pasted on the wall of Bilawal House, Karachi.

The police first investigation report (FIR) says that M/S Zardari Group (Asif Ali Zardari, Faryal Talpur, etc) got Rs15 million and were among the beneficiaries of the transaction trail of fake bank accounts maintained by Omni Group, owned by Anwar Majeed, another close aide of the former president.
Different entities owned by Majeed can be found in the list of depositors and beneficiaries of the fake bank account maintained in the name of a citizen without his approval.
The FIR found that one of the depositors in the fake account turned out to be M/S Bahria Town Karachi project and Zain Malik, who had deposited Rs750 million. Neither Malik nor the spokesperson of his Bahria Town Karachi project responded to Arab News’ requests for a comment.
Muhammad Ali Abro, assistant director of the FIA’s Karachi Banking Circle, informed the local magistrate on Saturday that during the inquiry into the suspicious transaction of 29 accounts, it was established that one of them was fraudulently opened in the name of Tariq Sultan by using his national identity card.
“This account was subsequently used to place illegitimate funds for purposes of money-laundering,” reads the FIR, a copy of which is available with Arab News.

According to the FIA, when Sultan denied he had opened the account, the agency started conducting its inquiry and the signatures on bank documents were found to be forged.
The FIA obtained the money trail and interviewed those involved in the opening of a fake account, leading the agency to conclude that Hussain Lawai, the then chairman of Summit Bank, had ordered the opening of the account for money-laundering purposes. According to the agency, the investigation of another 28 accounts is under way.
In a previous interview on Saturday the spokesperson of the former president had said Asif Ali Zardari has also been maligned in the past. “I am really not surprised to see his name in the FIR,” Farhatullah Babar told Arab News.
“To me, this seems to be part of pre-polls rigging. Zardari spent 11 years in jail without conviction. The present bubble will also burst into nothingness,” he added.


Trump downplays importance of Russia reportedly sharing intel with Iran to help it hit US targets

Updated 5 sec ago
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Trump downplays importance of Russia reportedly sharing intel with Iran to help it hit US targets

  • Critics charge that Trump was giving Russia a break that will provide Moscow with badly needed revenue as it looks to keep funding its war machine
  • Ukraine, in the four years since it was invaded by Russia, has received US intelligence to help defend against incoming missiles from Russia as well as to help Kyiv hit certain Russian targets

DORAL, Florida: President Donald Trump said Saturday that it was inconsequential if Russia has provided Iran with information to help Tehran target US military personnel and assets in the Middle East as the week-old war rages.
The president dismissed the import of such information-sharing after he attended the dignified transfer for six Army reservists who were killed in a drone strike in Kuwait the day after the US and Israel launched a war on Iran that has unsettled the global economy.
Trump stopped short of confirming reports by The Associated Press and other news outlets that US intelligence officials believe Russia has provided Iran with such targeting information. But if Moscow is passing on such details, he said Iran was getting little out of it.
“If you take a look at what’s happened to Iran in the last week, if they’re getting information, it’s not helping them much,” Trump told reporters on Air Force One as he flew to Miami, where he’s spending the rest of the weekend.
The president also waved off a question about how Russia assisting Iran in such a way might affect his view of the US-Russia relationship.
“They’d say we do it against them,” Trump responded. “Wouldn’t they say that we do it against them?”
Ukraine, in the four years since it was invaded by Russia, has received US intelligence to help defend against incoming missiles from Russia as well as to help Kyiv hit certain Russian targets.
Downplaying the significance of Russia handing off battlespace intelligence to Iran came after the US Treasury Department announced earlier this week that it was temporarily allowing India to keep buying crude oil and petroleum products from Russia for a month, until April 4.
The administration decision to grant the world’s most populous country a temporary exemption faced bipartisan blowback. Critics charge that Trump was giving Russia a break that will provide Moscow with badly needed revenue as it looks to keep funding its war machine.
Rep. Don Bacon, R-Nebraska, condemned the move, saying in a post on X that “weakness toward Russia is appalling.”
Rep. Ted Lieu, D-Calif., in his own X post directed at Treasury Secretary Scott Bessent, also decried the administration’s decision.
“Reverse your decision to lift oil sanctions on Russia. It is traitorous conduct for you to help Russia,” Lieu said. “Meanwhile, Russia is assisting Iran in targeting American troops.”
Trump has decided to give India leeway on oil purchases from Russia as global oil prices surge and investors across sectors worry about how long the Iran war will last.
The waiver for Prime Minister Narendra Modi’s government followed Trump announcing weeks ago that he was cutting tariffs on India after their officials agreed to reduce its reliance on cheap Russian crude.
India has taken advantage of reduced Russian oil prices as much of the world has sought to isolate Moscow for its February 2022 invasion of Ukraine.
The price of oil has surged higher and shows no signs of halting a week into a war that the US and Israel launched and has widened through the Middle East as Tehran strikes back. Ships that carry roughly 20 million barrels of oil a day are unable to safely pass through the Strait of Hormuz, the narrow mouth of the Arabian Gulf that is bordered on its north side by Iran.
The shipping disruption and damage to key Middle East oil and gas facilities has interrupted supplies from some of the world’s largest oil producers.
Asked whether he was willing to take other steps to ease oil prices, Trump said that “if there were some, I would do it, just to take a little of the pressure off.”
He appeared Saturday to wave off, at least for now, the possibility of tapping the nation’s Strategic Petroleum Reserve, saying the US has a “lot of oil.”
The reserve — a supply of oil that the US government can tap in case of emergencies — held more than 415 million barrels as of the end of last month, up from about 395 million barrels at this time in 2025. In total, when full, the SPR can hold more than 700 million barrels.
“We’ve got a lot of oil. Our country has a tremendous amount,” Trump said. “There’s a lot of oil out there. That’ll get healed very quickly.”