The Supreme Court on Sunday ordered placing of names on the Exit Control List (ECL) of presidents and chief executive officers of three banks allegedly involved in Rs35 billion suspicious transactions used in money laundering.
A three-judge bench, headed by Chief Justice Mian Saqib Nisar, also summoned the CEOs and presidents of the Summit Bank, Sindh Bank and United Bank Limited (UBL) and others mentioned in the FIR registered by the Federal Investigation Agency (FIA) over money laundering charges even if they are in custody of the agency.
The names of the bankers would be placed on the ECL by the interior ministry so that they might not flee the country until the investigations were complete, the court ordered.
The FIA investigation has also revealed names of the beneficiaries of suspicious transactions, including those of former president Asif Ali Zardari and his sister Faryal Talpur as members of the Zardari Pvt Ltd.
The court has taken suo motu notice of slowness and slackness on part of the FIA in conducting the investigation into fake accounts and fictitious transactions worth billions. These accounts were allegedly used for transactions of funds received through heavy bribes and kickbacks.