ISLAMABAD: An accountability court has extended the hearing of the Park Lane case filed against former president Asif Ali Zardari till 10th June.
During the hearing, exemption pleas of Asif Ali Zardari and his sister Faryal Talpur were submitted in the court. Along with the Park Lane case, the references including Pink Residency and Nehr-e-Khayyam illegal allotment cases were adjourned due to the outbreak of coronavirus in the country.
The Park Lane reference has been registered against Asif Ali Zardari and Faryal Talpur under different sections of the National Accountability Ordinance, 1999, and the Anti-Money Laundering Act, 2010.
Zardari has been charged by the National Accountability Bureau (NAB). The bureau claimed that he has been allegedly running a fake front company by the name of Parathon as a shareholder in Park Lane properties.
Additionally, a loan worth Rs 1.5 billion was taken out from the bank and transferred to the company account in a private bank. According to the NAB, Zardari forged documents to comply with the loan policy.
Zardari was granted bail by the Islamabad High Court (IHC) in December last year on medical grounds in the Park Lane and mega-money laundering corruption reference against surety bonds worth Rs10 million.
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