Bilawal Bhutto Zardari press conference.
Pakistan’s National Accountability Bureau (NAB) accountability watchdog will be questioning Tuesday at its Rawalpindi office Bilawal Bhutto-Zardari, chairman of the Pakistan People’s Party (PPP).
Bilawal’s accusation is that he and his father’s own company allegedly set up fake bank accounts to move billions of rupees earned as kickbacks and bribes.
NAB has opened two cases against the chief of the PPP on the advice of a Joint Investigation Team. He was already cleared of all charges in one of those.
Bilawal’s name was dropped from a case involving Park Lane Estate Pvt by the Bureau in July. Ltd, in Karachi, a construction company. The chairman of the PPP was the company’s 25 percent beneficial owner.
The anti-corruption body acknowledged as it removed the lawsuit, that it found no evidence to link the younger Zardari directly to the illegal transfer of funds.
Zardari’s second case, for which he was summoned on December 24, involves a business named, JV Opal 225. The company is a Pvt Zardari Group joint venture. Ltd— whose director is Bilawal— and a big real-estate company.
JV Opal was founded in 2011 and had its office on a Zardari Group-owned property in Karachi. The company did not generate any revenue from 2011 to 2013, but it purchased major assets, farmland, commercial and residential properties in Islamabad and Karachi, the JIT report states.
During this time, the only sum she earned was Rs1.2 billion from her business partner, the real-estate company, which was not due to the Zardari Group, according to the JIT report.
The investigators believe that the real-estate company made this payment as a bribe or kickback for collecting favors from the Sindh government in the form of illegal state land allocation.
While the JIT was unable to create a direct link between the Bhutto scion and the fake accounts, it notes that money deposited in these fictitious bank accounts was used to pay the Bilawal House water and sewerage bill, a sum to a restaurant that catered for a function, to buy tickets for Bilawal and his younger sister, and to renovate his bomb-proof container and bullet-proof house.
There are a total of 24 defendants in the case of fake bank accounts, including Asif Ali Zardari and his son. News report on Bilawal Bhutto Zardari press conference.