FIA declares Zardari, Faryal absconders in money-laundering scam

In this file photo, Asif Ali Zardari and his sister Faryal Talpur. (APP)
Updated 21 July 2018
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FIA declares Zardari, Faryal absconders in money-laundering scam

  • Federal Investigation Agency had issued notices to former president Asif Ali Zardari, Faryal Talpur and others in connection with an inquiry for using a fake account to launder Rs35 billion ($288 million)
  • Last week Supreme Court ordered FIA to temporarily halt its investigation into Zardari and Faryal

ISLAMABAD: Pakistan’s Federal Investigation Agency (FIA) on Saturday declared former President and Co-Chairman of the Pakistan People’s Party Asif Ali Zardari and his sister Faryal Talpur absconders in the alleged money laundering case.

According to the document available with Arab News, FIA submitted interim charge sheet in special court (offenses in bank) in Karachi that declared 18 people including Zardari and his sister as absconders.
Earlier this month, on July 10, the FIA issued notices to former president Asif Ali Zardari, Faryal Talpur and others in connection with an inquiry for using a fake account to launder Rs 35 billion ($288 million).
The FIA had asked Zardari and his sister through notices to appear before the FIA’s State Bank Circle Branch on July 11, but they skipped the appearance.
The Supreme Court also summoned Zardari, Talpur and others on July 12 to record their statements in the case involving them in alleged money laundering.
After initial arguments the apex court ordered the FIA to temporarily halt its investigation into the former president and his sister for their alleged connection to money laundering.
The former president and his legal team in their statements rejected the involvement in money laundering and termed the FIA’s actions politically motivated and an attempt at pre-poll rigging.   


Bulgarian parliament approves resignation of ruling coalition

Bulgaria’s Prime Minister Rossen Zhelyazkov delivers a speech following his government’s resignation in Sofia on Thursday. (AFP)
Updated 6 sec ago
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Bulgarian parliament approves resignation of ruling coalition

  • The 240-seat chamber voted 127-0 to accept the resignation

SOFIA: Bulgarian parliament has approved the resignation of the coalition government of Prime Minister Rosen Zhelyazkov amid nationwide anti-corruption protests, and weeks ahead of the country’s scheduled euro zone entry.
Protesters, many of them young Bulgarians, have been protesting in the tens of thousands across the nation for weeks. 
The direct trigger was a proposed budget for next year that would have increased taxes and social security contributions to finance more state spending. 
The deeper cause, however, was rising anger over a perception of widespread corruption among the political elite and a sense that justice does not prevail for ordinary citizens.

BACKGROUND

The protests and the fall of the ninth government in five years underscored Bulgaria’s political instability.

The protests and the fall of the 9th government in five years underscored the country’s political instability as it plans to join the common European currency.
The 240-seat chamber voted 127-0 to accept the resignation. 
The Cabinet will continue performing its duties until a new government is elected.
Zhelyazkov’s minority government survived six votes of no confidence since it was appointed in January, but this time the large turnout of protesters on the streets changed the game.
The prime minister announced his resignation on Thursday, saying it was a direct response to the growing public pressure and that the demand for the government to step down had become impossible to ignore.
“Vox populi, vox Dei,” Zhelyazkov said, using a Latin expression meaning “the voice of the people is the voice of God.”
In the next step, President Rumen Radev must allow the largest parliamentary group to form a new government. If that fails, the second-largest grouping will get a chance before the president chooses a candidate.
If all attempts fail — which is likely — Radev will appoint a caretaker Cabinet until a new election is held. Political analysts expect that another election — the eighth since 2021 — will likely produce a deeply fragmented parliament, making it difficult to form a stable government.
The Balkan country of 6.4 million people is due to make the switch from its national currency, the lev, to the euro on Jan. 1, to become the euro zone’s 21st member. 
Bulgaria joined the EU in 2007.