Zardari stated that the company was bought in 1989 from Sadruddin Hashwani in which Bilawal Bhutto-Zardari, Iqbal Memon, Rehmatullah, Muhammad Younus and Altaf Hussain were shareholders. “I owned just 25 per cent shares of the Park Lane Company, and in 2008, [I] resigned from its directorship before taking oath as the president,” Zardari said. On Friday, NAB stated the reasons for its opposition to the interim bail granted to Zardari by the IHC. Zardari is accused of fraudulently obtaining Rs1.5 billion in loans for his Park Lane Estate through other firms. The petition had requested the trial court to transfer the proceedings of the case to an accountability court in Rawalpindi.

Source: Pakistan Today April 13, 2019 11:10 UTC