KARACHI (ENNS) A local court here on Saturday remanded Hussain Lawai, a close aide of former president Asif Ali Zardari, in the custody of the Federal Investigation Agency (FIA) in a money-laundering probe till July 11.
ENN has reported on Friday regarding the arrest but FIA official Munir Shaikh had denied the arrest.
Lawai was arrested by the FIA on Friday in connection with alleged money laundering worth billions of rupees. The investigation agency is probing a potential laundering scandal of Rs35 billion implicating a top political leader along with his businessman and banker friends.
The Judicial Magistrate court (South) approved the physical remand of Lawai and another suspect Taha Raza, both of whom were brought before the court earlier today.
The probe was launched after the Financial Monitoring Unit of the State Bank of Pakistan generated a Suspicious Transaction Report in January this year about 10 bank accounts.
Speaking to media following his court appearance, Hussain Lawai said he had no connection whatsoever with the money-laundering case.
“No recovery was made [from me]. I’m president of a bank, not a [mere]branch manager,” he said, adding that he did not know whether he had been arrested due to his ties with Zardari or for some other reason.
