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The Accountability Court hearing the multibillion rupees fake bank accounts case on Tuesday extended judicial remand of an accountant of Park Lane Estate Company, allegedly owned by former president Asif Ali Zardari, till October 8.
The officials of National Accountability Bureau (NAB) produced Dr Dinshaw Anklesaria before Accountability Court Judge Muhammad Bashir from jail on expiry of his remand term. The court extended judicial remand of the accused and ordered to produce him before it on October 8.
Dr Dinshaw is facing charges of obtaining a loan on forged documents. He is also said to be involved in benefiting Park Lane Company through fake bank accounts.
According to the joint investigation team (JIT), Park Lane Estate Company, a Karachi-based firm, was incorporated on October 18, 1979. In 1989, Zardari acquired the company along with his 'front man' Iqbal Memon. In 2009, Zardari, Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto-Zardari, Iqbal Memon and others became shareholders of the company.
As per the JIT report, it was found out that M/s Parthenon was merely a front company (straw borrower) of M/s Park Lane Private Limited. M/s Parthenon had no independent business when it entered into a joint venture (JV) with the M/s Park Lane in October 2009, it said.
Anklesaria, being an adviser of chief minister, had sent two applications signed by him regarding allotment of plots in Bagh-e-Jinnah Karachi. "It was in the knowledge of Anklesaria that land was property of Bagh-e-Jinnah Karachi," the NAB officials said.

Copyright Business Recorder, 2019

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