Accountability court indicts Asif Ali Zardari in Park Lane Reference

An accountability court in Islamabad indicted Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari in Park Lane Reference on Monday (today).

Accountability court Judge Azam Khan read out the charges during the indictment hearing which was was carried out via video-link due to health concerns amid COVID-19 pandemic.

Former President Asif Ali Zardari – who attended the indictment hearing virtually from Bilawal House Karachi, has denied all charges

The development comes as earlier, National Accountability (NAB) court had turned down Asif Ali Zardari’s plea against the reference in which he had sought the dismissal of the case filed by NAB against him.

It is to be noted that Asif Ali Zardari was released on medical grounds in December 2019 last year after being arrested in matters pertaining to Park Lane Reference which is being investigated by NAB on the directions of Supreme Court.

Park Lane Case

NAB has accused Asif Ali Zardari and his sister Faryal Talpur of extending loan and its misappropriation by M/s Parthenon Private Limited, M/S Park Lane Estate Private Limited and are being tried by NAB under NAB Ordinance, 1999, and the Anti-Money Laundering Act, 2010.

The accountability watch dog has accused Asif Ali Zardari of being the director of Park Lane company which was used to launder black money via fake accounts.

In addition to it, the former president is also accused of misusing his authority as the head of state that costed up to Rs 4 billion to the national exchequer.