According to media reports, the Supreme Court of Pakistan, on Monday, July 30, 2018, dismissed an appeal to restore the 29 bank accounts that were declared suspicious in the alleged Rs 35 billion money laundering case.
Ansari Sugar Mil, TCB Sugar Mills and Naudero Chamber filed a joint appeal to allow the transactions that took place in those 29 suspicious accounts, on grounds that the court’s order to discontinue operations of these accounts will lead to the shutting of their companies.
The accounts were earlier opened in Summit Bank, Sindh Bank and United Bank Limited (UBL).
Federal Investigation Agency (FIA) is in the process of conducting investigations on this case, and as per the court’s decision today, it will only decide upon the case once the investigation agency has completed its investigation.
The investigating agency had earlier been directed to halt their investigation until after elections.
22388
