KARACHI: An accountability court on Wednesday granted three-day transitory remand to an official of the Securities and Exchange Commission of Pakistan (SECP) who was arrested by NAB in connection with the fake bank accounts and money laundering case.

Zia-ul-Rasheed Abbasi, deputy registrar SECP, was arrested in Karachi on Wednesday by a team of NAB.

Later, NAB officials produced Mr Abbasi before the administrative judge of the accountability court Dr Sher Bano Karim to seek transitory remand of the suspect.

Investigation Officer Kashif Shaikh informed the court that the SECP official had been detained in connection with a matter which was being probed by a joint investigation team of NAB and the suspect was required to be taken to Islamabad for production before the relevant court. Therefore, the court was requested to grant a transitory remand of Mr Abbasi to NAB.

Allowing the request, the judge granted Mr Abbasi’s three-day transitory remand with a direction to produce him before the relevant accountability court in Islamabad.

Informed sources told Dawn that Mr Abbasi’s arrest had been made in connection with an ongoing probe into a case of alleged fake accounts and money laundering against high-profile politicians, businessmen and bankers.

Published in Dawn, June 20th, 2019