Offshore Assets Valued at 60M Returns to Offshore Accounts

On Tuesday, angry Supreme Court Justices wanted to ascertain why $60 million USD in suspicious monies of the President Asif Ali Zardari were returned to offshore companies in the President’s name instead of returned to the national treasury, where they believe that it belongs.

The National Accountability Bureau presents a document to the court. The NAB is the office that works on corruption cases. Mr Zardari was alleged to have 1.5 Billion USD in assets, which included properties and overseas bank accounts.

The $60 million USD most recently in question was money that the NAB decared in 2003 documents had been placed in a Swiss bank account by Zardari and Benazir Bhutto.

Zadari is accused of earning the $60 million USD illegally through commissions from foreign firms. The money was originally seized and accounts frozen in Switzerland during the court cases which were filed against Bruto and Zadari. The funds were returned to offshore accounts in Zardari’s name after Zadari received amnesty from Pakistani President Pervez Musharraf in 2007.

This story is ongoing and we will update you here as more information becomes available.