Money laundering case: Court issues summons again for Younis Qudwai, Salim Faisal others
Money laundering
Accountability Court (AC) court room No. 2 judge Mohammad Azam Khan has heard reference pertaining to 25 billion loss caused to Sindh Bank through money laundering.
Former president Sindh bank Bilal Sheikh, Abdul Ghani Majeed, Tariq Aslam and other accused appeared in the court.
Court while issuing notices on not appearing in the court to Younis Qudwai, Saleem Faisal and others accused directed that attendance of all absent accused should be ensured on March 04.
Accused were alleged to have given loan of Rs 29 billion to Benami companies of Hussain Lawai from Sindh Bank.
Court was told in NAB reference that 4 billion were returned by accused out of Rs 29 billion to Sindh Bank while 25 billion were embezzled by accused. Bilal Sheikh, Tariq Ahsan have made plan of money laundering on the name of loan with Hussain Lawai while accused had made plan to shift Sindh bank money to Hussain Lawai private bank.
Further was told in reference that money laundering was made through Hussain Lawai Benami companies while case has been adjourned till March 04.
