Pakistan’s ex-president Asif Zardari named in money-laundering case

Former Pakistani president Asif Ali Zardari listens to his son and chairman of the Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari (unseen) during the party manifesto presentation for the forthcoming general election during a press conference in Islamabad on June 28, 2018. (AFP)
Updated 08 July 2018
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Pakistan’s ex-president Asif Zardari named in money-laundering case

  • The inclusion of former president’s name, Zardari, in the case signifies pre-poll rigging, says his spokesperson, Farhatullah Babar
  • Pakistan People’s Party’s election campaign has been spearheaded by Zardari’s son, Bilawal Bhutto

KARACHI: The Federal Investigation Agency (FIA) on Saturday obtained the remand of Hussain Lawai, Chairman Central Depository Company (CDC) and a close aide of Pakistan’s former president, Asif Ali Zardari, after registering a case against him and others for using a fake account to launder Rs35 billion ($288 million).
According to a case registered by FIA’s Banking Circle Karachi, the former president and leader of the Pakistan People’s Party, Asif Ali Zardari, and his sister, Faryal Talpur, are among 13 people who benefited from the arrangement.
The police first investigation report (FIR) says that M/S Zardari Group (Asif Ali Zardari, Faryal Talpur, etc) got Rs15,000,000 and were among the beneficiaries of the transaction trail of fake bank accounts maintained by Omni Group, owned by Anwar Majeed, another close aide of the former president.
Different entities owned by Majeed can be found in the list of depositors and beneficiaries of the fake bank account maintained in the name of a citizen without his approval.
The FIR found that one of the depositors in the fake account turned out to be M/S Bahria Town Karachi project and Zain Malik, who had deposited Rs750,000,000. Both Malik and the spokesperson of his Bahria Town Karachi project did not respond to Arab News’ requests for a comment.
Muhammad Ali Abro, assistant director of FIA’s Karachi Banking Circle, informed the local magistrate that during the inquiry into the suspicious transaction of 29 accounts, it was established that one of them was fraudulently opened in the name of Tariq Sultan by using his national identity card.
“This account was subsequently used to place illegitimate funds for purposes of money-laundering,” reads the FIR, a copy of which is available with Arab News.
According to the FIA, when Sultan denied he had opened the account, the agency started conducting its inquiry and the signatures on bank documents were found to be forged.
The FIA obtained the money trail and interviewed those involving the opening of a fake account, leading the agency to conclude that Hussain Lawai, the then chairman of Summit Bank, had ordered the opening of the fake account for money-laundering purposes. According to the agency, the investigation of another 28 accounts is under way.
Pleading not guilty out of the court of the local magistrate, Lawai told the media he did not know if he was arrested because of Asif Ali Zardari. “Only time will tell why I have been targeted,” he said.
An FIA spokesperson told Arab News that the offense had occurred between 2014 and 2015. However, the Pakistan People’s Party and independent analysts have been questioning the timings of the investigation and arrest for different reasons.
“Asif Ali Zardari has also been maligned in the past. I am really not surprised to see his name in the FIR,” Farhatullah Babar, former president’s spokesperson, told Arab News.
“To me, this seems to be part of pre-polls rigging. Zardari spent 11 years in jail without conviction. The present bubble will also burst into nothingness,” he added.
Senior analyst Mazhar Abbas claimed the appearance of Zardari’s name in the money-laundering case seemed to be an effort to dispel the impression that federal institutions such as the National Accountability Bureau (NAB) and Federal Investigation Agency (FIA), had only singled out the former prime minister, Nawaz Sharif.
“In the foreseeable future, we may also see action against the former president-general, Pervez Musharraf,” Abbas told Arab News.
Fazil Jamili, another Karachi-based political analyst, maintained that the FIR was part of the establishment’s minus-one formula, which, he said, was being applied to all major political parties. “After minus-Altaf and minus-Nawaz, it seems to be Asif Ali Zardari’s turn,” he said.
He added: “This is a significant development and may produce negative election results for PPP since it is likely to damage the party’s credibility.”
As the situation stands, the former president’s son, Bilawal Bhutto-Zardari, is running his party’s election campaign and addressing public rallies in the provinces of Sindh and Punjab. 




Copy of the FIR by the Federal Investigation Agency that names Pakistan’s former president, Asif Ali Zardari, and his sister in a fake account to launder Rs35 billion.




Copy of the FIR by the Federal Investigation Agency that names Pakistan’s former president, Asif Ali Zardari, and his sister in a fake account to launder Rs35 billion.




Copy of the FIR by the Federal Investigation Agency that names Pakistan’s former president, Asif Ali Zardari, and his sister in a fake account to launder Rs35 billion.

 


UPDATE 2-FBI ordered to prioritize immigration, as DOJ scales back white collar cases

Updated 4 sec ago
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UPDATE 2-FBI ordered to prioritize immigration, as DOJ scales back white collar cases

  • Field offices tell FBI agents to scale up on immigration enforcement and deprioritize white collar cases
  • Criminal Division issues new guidance to prosecutors that narrows the scope of white collar enforcement efforts

WASHINGTON: The FBI ordered agents on Monday to devote more time to immigration enforcement and scale back investigating white-collar crime, four people familiar with the matter told Reuters, as the Justice Department issued new guidance on what white-collar cases will be prioritized.
In a series of meetings, FBI agents were told by their field offices they would need to start devoting about one third of their time to helping the Trump administration crack down on illegal immigration.
Pursuing white-collar cases, they were told, will be deprioritized for at least the remainder of 2025, said the people, who requested anonymity to discuss private conversations.
Reuters could not immediately determine how many field offices were informed of the change, or whether it would apply to agents across the country.
An FBI spokeswoman did not respond to a request for comment.
The orders came on the same day that Matthew Galeotti, the head of the Justice Department’s Criminal Division, issued new guidance to prosecutors that scales back the scope of white-collar cases historically pursued by the department and orders prosecutors to “minimize the length and collateral impact” of such investigations.
Immigration enforcement has largely not been the purview of the Justice Department’s law enforcement agencies in the past.
But as President Donald Trump has stepped up an immigration crackdown, thousands of federal law enforcement officials from multiple agencies have been enlisted to take on new work as immigration enforcers, pulling crime-fighting resources away from other areas.
Trump and Attorney General Pam Bondi have also previously announced they will scale back efforts to prosecute certain kinds of white-collar offenses, including public corruption, foreign bribery, kleptocracy and foreign influence.
As part of those efforts, the Criminal Division has also been reviewing corporate monitorships that companies were required to install as a condition of settling criminal cases. Several of them have since been ended early, while others have continued.
In Monday’s memo, Galeotti laid out the categories of cases that will be prioritized to include health care fraud, trade and customs fraud, elder securities fraud, complex money laundering including “Chinese Money Laundering Organizations,” and cases against financial gatekeepers who enable terrorists, transnational criminal organizations and cartels, among others.
He said the department will also update its whistleblower award pilot program to encourage tips on cases that lead to forfeiture, such as those involving cartels and transnational criminal organizations, violations of federal immigration law, corporate sanctions offenses, procurement fraud, trade, tariff and customs fraud, and providing material support to terrorists.
The memo also instructs prosecutors to carefully consider whether corporate misconduct “warrants federal criminal prosecution.”
“Prosecution of individuals, as well as civil and administrative remedies directed at corporations, are often appropriate to address low-level corporate misconduct and vindicate US interests,” the memo says.
It also orders prosecutors to only require companies to hire independent monitors if they cannot be expected to implement a corporate compliance program “without such heavy-handed intervention.”


Rights groups take UK government to court over Israel arms sales

Updated 39 min 14 sec ago
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Rights groups take UK government to court over Israel arms sales

  • Lawyer: The UK government had “expressly departed from its own domestic law in order to keep arming Israel,” with F-35s being used to drop “multi-ton bombs on the people of Gaza.”

LONDON: Rights groups and NGOs are dragging the UK government to court on Tuesday accusing it of breaching international law by supplying fighter jet parts to Israel amid the war in Gaza.
Supported by Amnesty, Human Rights Watch, Oxfam and others, the Palestinian rights association Al-Haq is seeking to stop the government’s export of UK-made components for Lockheed Martin F-35 fighter jets.
Israel has used the American warplanes to devastating effect in Gaza and the West Bank, and the head of Amnesty UK said Britain had failed to uphold its “legal obligation... to prevent genocide” by allowing the export of key parts to Israel.
The plane’s refueling probe, laser targeting system, tires, rear fuselage, fan propulsion system and ejector seat are all made in Britain, according to Oxfam, and lawyers supporting Al-Haq’s case said the aircraft “could not keep flying without continuous supply of UK-made components.”
It is not clear when a decision could be made following the four-day hearing at London’s High Court, the latest stage in a long-running legal battle.
Lawyers for the Global Action Legal Network  have said they launched the case soon after Israel’s assault on Gaza was triggered by the October 7, 2023 Hamas-led attacks.
Israel has repeatedly denied accusations of genocide.
The lawyers said the UK government had decided in December 2023 and April and May 2024 to continue arms sales to Israel, before in September 2024 then suspending licenses for weapons which were assessed as being for military use by the Israeli army in Gaza.
The new Labour government suspended around 30 licenses following a review of Israel’s compliance with international humanitarian law, but the partial ban did not cover British-made parts for the advanced F-35 stealth fighter jets.
A UK government spokesperson told AFP it was “not currently possible to suspend licensing of F-35 components for use by Israel without prejudicing the entire global F-35 program, due to its strategic role in NATO and wider implications for international peace and security.”
“Within a couple of months of coming to office, we suspended relevant licenses for the IDF that might be used to commit or facilitate serious violations of International Humanitarian Law in Gaza,” they said.
The government insisted it had “acted in a manner consistent with our legal obligations” and was “committed to upholding our responsibilities under domestic and international law.”
But GLAN described the F-35 exemption as a “loophole” which allowed the components to reach Israel indirectly through a global pooling system.
Charlotte Andrews-Briscoe, a lawyer for GLAN, told a briefing last week the UK government had “expressly departed from its own domestic law in order to keep arming Israel,” with F-35s being used to drop “multi-ton bombs on the people of Gaza.”
Hamas’s 2023 attack on southern Israel resulted in the deaths of 1,218 people, mostly civilians, according to an AFP tally based on official figures.
The health ministry in Hamas-run Gaza said on Monday that at least 2,749 people have been killed since Israel ended a two-month ceasefire in mid-March, bringing the overall death toll since the war broke out to 52,862.
“Under the Genocide Convention, the UK has a clear legal obligation to do everything within its power to prevent genocide,” said Sacha Deshmukh, Amnesty International UK’s chief executive.
“Yet the UK government continues to authorize the export of military equipment to Israel — despite all the evidence that genocide is being committed by Israel against the Palestinian people in Gaza. This is a fundamental failure by the UK to fulfil its obligations.”
Al-Haq’s general director Shawan Jabarin said: “The United Kingdom is not a bystander. It’s complicit, and that complicity must be confronted, exposed and brought to account.”
 


UN aviation agency finds Russia responsible for 2014 downing of airliner over Ukraine

Updated 55 min 39 sec ago
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UN aviation agency finds Russia responsible for 2014 downing of airliner over Ukraine

MONTREAL: The United Nations aviation agency said Monday that Russia was responsible for the downing of a Malaysia Airlines jetliner over Ukraine in 2014, leading to the deaths of 298 people.
The International Civil Aviation Organization , based in Montreal, said claims brought by Australia and the Netherlands over the shooting down of Flight MH17 on July 17 of that year were “well founded in fact and in law.”
“The Russian Federation failed to uphold its obligations under international air law in the 2014 downing of Malaysia Airlines Flight MH17,” the agency said in a statement issued Monday evening.
The OCAO said this was the first time in its history that its council has made a determination on the merits of a dispute between member states.
On July 17, 2014 the Malaysia Airlines Boeing 777 — en route from Amsterdam to Kuala Lumpur — crashed in eastern Ukraine’s Donetsk region where pro-Russian separatist rebels were battling Ukrainian forces.
The plane was hit by a Russian-made BUK surface-to-air missile.
Dutch nationals accounted for two-thirds of the dead, along with 38 Australians and about 30 Malaysians, with many victims having dual nationalities.
Then-Ukrainian President Petro Poroshenko called it a “terrorist act.”
Pro-Russian rebels in the area claimed the airliner was shot down by a Ukrainian military jet. Russian President Vladimir Putin says Ukraine “bears responsibility.”
The following day, then US president Barack Obama said a missile fired from separatist-held territory was to blame and the rebels would not have been able to hit the airliner without Russian support.
In 2022 a Dutch court sentenced three men to life in prison over the downing, among them two Russians, but Russia refused to extradite them.
Russia has consistently denied any involvement in the tragedy.
The governments of Australia and the Netherlands welcomed the UN agency’s decision Monday night.
“This is a historic moment in the pursuit of truth, justice and accountability for the victims of the downing of Flight MH17, and their families and loved ones,” the Australian government said in a statement.
It called on the agency to “move swiftly to determine remedies” for Russia’s violation of international law.
“We call upon Russia to finally face up to its responsibility for this horrific act of violence and make reparations for its egregious conduct, as required under international law,” the statement added.
International investigators suspended their probe of the downing last year, saying there was not enough evidence to identify more suspects.


US House Republicans seek to kill EV tax credit, loan program

Updated 13 May 2025
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US House Republicans seek to kill EV tax credit, loan program

  • The US Treasury in 2024 awarded more than $2 billion in point-of-sale rebates for EVs

WASHINGTON: Republicans in the US House of Representatives on Monday proposed killing the electric vehicle tax credit and repealing fuel efficiency rules designed to prod automakers into building more zero-emission vehicles as part of a broad-based tax reform bill.
The proposal, which is set for a House Ways and Means Committee hearing on Tuesday, would repeal a $7,500 new-vehicle tax credit and a $4,000 used-vehicle credit on Dec. 31, although it would maintain the new-vehicle credit for an additional year for automakers that have not yet sold 200,000 EVs.
The president of the Electric Drive Transportation Association, Genevieve Cullen, criticized the proposal, saying that plans “to abandon US leadership in energy innovation by gutting federal investment in electrification are catastrophically short-sighted.”
The proposal, she said, would deliver “an enormous market advantage” to competitors like China and threaten US manufacturing and jobs.
The US Treasury in 2024 awarded more than $2 billion in point-of-sale rebates for EVs.
The proposal leaves in place a key battery production tax credit for automakers and battery makers, but a new provision would bar the credit for vehicles produced with components made by some Chinese companies or under a license agreement with Chinese firms.
The provision, which would take effect in 2027, could bar credits for cars powered by Chinese battery technology licensed by American companies such as Ford Motor or Tesla .
House Republicans also propose to kill a loan program that supports the manufacture of certain advanced technology vehicles. It would rescind any unobligated funding and rescind corporate average fuel economy standards and greenhouse gas emission rules for 2027 and beyond. That portion will be taken up by the Energy and Commerce Committee.
Among outstanding loans finalized in President Joe Biden’s last weeks in office are $9.63 billion to a joint venture of Ford Motor and South Korean battery maker SK On for construction of three battery manufacturing plants in Tennessee and Kentucky; $7.54 billion to a joint venture of Chrysler-parent Stellantis and Samsung SDI for two EV lithium-ion battery plants in Indiana; and $6.57 billion to Rivian for a plant in Georgia to begin building smaller, less expensive EVs in 2028.


US military replaces B-2 bombers that were sent amid Middle East tensions

Updated 13 May 2025
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US military replaces B-2 bombers that were sent amid Middle East tensions

  • Experts say that this had put the B-2s in a position to operate in the Middle East

WASHINGTON: The US military is replacing its B-2 bombers with another type of bomber at a base in the Indo-Pacific that was seen as being in an ideal location to operate in the Middle East, US officials told Reuters on Monday. The Pentagon deployed as many as six B-2 bombers in March to a US-British military base on the Indian Ocean island of Diego Garcia, amid a US bombing campaign in Yemen and mounting tensions with Iran.
Experts say that this had put the B-2s, which have stealth technology and are equipped to carry the heaviest US bombs and nuclear weapons, in a position to operate in the Middle East.
The officials, speaking on the condition of anonymity, said the B-2 bombers were being replaced by B-52 bombers.
The Pentagon said it did not comment on force posture adjustments as a matter of policy.
Fresh talks between Iranian and US negotiators to resolve disputes over Tehran’s nuclear program ended in Oman on Sunday, with further negotiations planned. The fourth round of talks took place ahead of President Donald Trump’s planned visit to the Middle East. Trump, who has threatened military action against Iran if diplomacy fails, has restored a “maximum pressure” campaign on Tehran since returning to the White House in January.
Tehran is willing to negotiate some curbs on its nuclear work in return for the lifting of sanctions, according to Iranian officials, but ending its enrichment program or surrendering its enriched uranium stockpile are among what the officials have called “Iran’s red lines that could not be compromised” in the talks. Additionally, Trump announced last week that a deal had been reached to stop bombing Yemen’s Houthi group. The B-2 bombers had been used to carry out strikes against the Iran-backed group.