Zardari granted interim bail in money laundering case

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KARACHI: A local banking court on Friday granted interim bail to former president and Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari in connection to a money laundering case.

Zardari along with his counsel Farooq Naik appeared before the banking court in Karachi and was granted interim bail on furnishing bail bonds of Rs2 million.

The former president has been granted interim bail for 15 days, Naik said.

“We are ready to face the trial,” Zardari’s counsel added.

The case has been adjourned till September 4.

Earlier, as Zardari arrived for the hearing, a journalist commented that he did not come in a helicopter to which the former president said, “Wait a little, I will come back in one.”

Responding to a question, the PPP co-chairman said, “Aitzaz Ahsan will become the next president of the country.”

On August 17, the local banking court had issued non-bailable arrest warrants for Zardari and other absconding suspects in the ongoing probe.

However, on August 18, the Islamabad High Court (IHC) approved the former president’s petition for protective bail in the case and ordered him to appear before the relevant court before September 3.