ISLAMABAD, Dec 27 (INP): Federal Investigation Agency (FIA), under the supervision of Additional Director raided the office of Securities and Exchange Commission of Pakistan (SECP) late Wednesday night.

According to sources, FIA raided the office of the financial regulatory agency last night and took vital documents pertaining to Fake Bank Accounts case in their possession.

The documents were said to include names of all those companies which are indulged in the Mega Money Laundering Scandal.

[timed-content-server show="12/28/2018 01:00 Asia/Karachi"]Moreover, records related to Chairman of the Securities and Exchange Commission of Pakistan (SECP) Tahir Mehmood were also taken in possession by the Federal Investigation Agency (FIA).The raid occurred after JIT submitted their report in the Fake Bank Accounts Case on December 20 which alleged the current SPEC Chairman Tahir Mehmood for using the bestowed authority for wrong purposes. The report alleged Tahir Mehmood for willingly concealing details regarding Summit Bank and amalgamating two banks into the Summit Bank.After the report was presented to the Supreme Court of Pakistan which poured in massive allegations on the SEPC Chairman, he went abroad on the very next day (December 21). On December 24, Supreme Court issued a notice to former president Asif Ali Zardari in a Suo Motu case pertaining to money laundering of billions of rupees through fake accounts. He was directed to submit a reply by December 31. Zardari, his sister Faryal Talpur and close aides Omni Group’s Anwar Majeed, former Pakistan Stock Exchange (PSX) chairman Hussain Lawai and Summit Bank Senior Vice-President Taha Raza are among those being investigated by a seven-member top Court-constituted joint investigation team led by Federal Investigation Agency (FIA) Additional Director General Najaf Mirza.A three-member bench headed by Chief Justice Mian Saqib Nisar and comprising Justice Umar Ata Bandial and Justice Ijaz ul Ahsan hearing the case at the apex court’s registry in Lahore, also froze assets of Omni Group. As the hearing began, Chief Justice Saqib Nisar directed court staff to install a projector to display findings of the JIT report submitted by the team last week. While presenting the JIT report, Mirza revealed that the money in fake accounts was being used to pay expenses of Bilawal House in Karachi and Lahore – the land for party HQ in Punjab’s capital is owned by Zardari Group. Zardari Group acquired loans worth Rs53.4 billion out which Rs24 billion was taken from Sindh bank. On the other hand, Omni Group acquired loans from all five of its subsidiaries. The JIT report found that the Omni Group paid between Rs120 million to Rs145 million in “personal expenses” to Zardari Group. The “personal expenses” covered food, clothes and dog upkeep. INP/AJ[/timed-content-server]