Law: National Accountability Ordinance, 1999

Section: 9

Law: Exits From Pakistan (Control) Ordinance, 1981

Section: 2(1)

Law: Constitution of Pakistan, 1973

Section: 184(3)

Law: Anti Money Laundering Act, 2010

Section: 3

(a) National Accountability Ordinance (XVIII of 1999)--- ----S. 9---Anti-Money Laundering Act (VII of 2010), S. 3---Corruption and corrupt practices, opening fake bank accounts for money laundering---Human rights case---Matter concerning fake bank accounts allegedly used for money laundering and other unlawful activities---Slackness in the progress of pending enquiries---Investigation being influenced, obstructed and hampered by certain individuals---Joint Investigation Team (JIT), findings of---Transmission of JIT report along with all evidence to National Accountability Bureau (NAB)---During investigation several suspicious/fake bank accounts were uncovered showing transactions in excess of billions of rupees undertaken through various banks---Ostensible owners of such bank accounts denied opening or operating the accounts---Said accounts were opened by misusing National Identity Cards of different unsuspecting persons without their knowledge or consent, and huge sums of money running into billions of rupees had been deposited in the said accounts by or on behalf of persons who were under investigation or entities controlled by them, and this appeared to have been done in order to undertake illegal rotation, layering and movement of huge sums of money through the said accounts presumably for money laundering of tainted money obtained through kickbacks, bribes and other unlawful means and methods---Money laundering mechanism had been devised to legitimize funds whose source and legitimacy was highly questionable---Further, evidence of huge sums of money being remitted out of Pakistan, possibly through hawala/hundi transfers added an additional dimension to the investigation---Joint Investigation Team (JIT) formed on directions of the Supreme Court to probe into the matter had opined that prima facie cognizable offences had been made out involving corruption, corrupt practices and money laundering; that public sector institutions had been remiss negligent and heedless in following laws, rules and regulations and in some instances working in complete disregard of the same for years on end---Prima facie, a case for referring the report of the JIT, along with all…

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