Zardari's foster brother Owais Tappi arrested from Dubai in money laundering case: reports.

ISLAMABAD:Pakistan People's Party (PPP) co-chairman Asif Ali Zardari's foster brother Owais Muzaffar Tappi was arrested from Dubai on Tuesday in money laundering case, media reports stated.According to reports, Tappi was arrested with the help of Interpol and will be shifted to Pakistan soon.

The National Accountability Bureau (NAB) initiated the investigation against Tappi in August last year in money laundering through fake accounts and selling thousands of acres of government land case.Investigation against Tappi has entered in a vital stage," NAB stated.

MONEY LAUNDERING CASE:In December 2015, the Federal Investigation Agency began a discreet investigation into certain bank accounts through which multi-billion rupee transactions have been made. According to FIA sources, information regarding the fake accounts came to the fore when an intelligence agency picked up a prominent money changer in an unrelated case.

As the monitoring and investigation of these suspicious accounts continued, it surfaced that five of these accounts in two banks the Sindh Bank and Summit Bank had been used for transactions worth around Rs15 billion.Investigation showed the accounts were operated by fake companies.

Funds were credited into these accounts from contractors with multi-billion rupee contracts with the Sindh government. The money was found to have been transferred to accounts of companies owned and operated by the Omni Group, whose chairperson, Anwar Majeed, is a close aide of Pakistan...