Park Lane Reference: Asif Zardari pleads not guilty

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Tuesday, July 14th: In the Park Lane Company reference in fake accounts cases, Asif Zardari sought acquittal before indictment.

Park Lane Company reference was heard in fake accounts cases. Lawyer Farooq H Naik, while giving arguments, said that the court has to understand whether NAB could have taken action against Asif Zardari according to the law. According to NAB documents, the case is between two companies. The property of Park Lane was mortgaged in exchange for the loan. The loan could not be repaid on time. The case was filed before the NAB inquiry and reference. The relevant NAB cannot file a self-reference.

It should be noted that Asif Zardari was detained for 6 months and 2 days in money laundering and Park Lane references. He was undergoing treatment in PIMS. PIMS was declared a sub-jail by the jail authorities. Asif Zardari was released from the hospital.

Former President Asif Ali Zardari was arrested by the NAB after his bail application was rejected by the Islamabad High Court.

Asif Zardari’s sister was also arrested. According to NAB, Asif Zardari and Faryal Talpur are accused of embezzlement in Permit Bank. The accused are also accused of issuing funds to different companies illegally. A reference has been filed in the accountability court. The accused are accused of illegally transferring Rs 2150 million.

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