Park Lane Estate case
The father-son duo had appeared before the watchdog in connection with an inquiry regarding an alleged loan obtained by the Park Lane Estate Company.
NAB claims that an inquiry was initiated against Park Lane Estate Company (Pvt) Ltd — a firm co-owned by Zardari and Bilawal — and government officials for alleged illegal transfer of forest land. The bureau states that an inquiry was authorised into allegations that land belonging to the Punjab forest department was illegally transferred by Capital Development Authority officials to Park Lane Estate Company, a Karachi-based real estate firm.
NAB had summoned them to appear before it in Rawalpindi on Dec 13 last year; however, only Zardari had appeared in person. Bilawal was represented by his lawyer.
According to Khokhar, who is also Bilawal’s spokesperson, the party chairperson had been summoned by NAB in connection with an inquiry into the loan allegedly obtained by the Park Lane firm. He claimed that Bilawal had become a minor shareholder of Park Lane Limited when he was only one year old. The company, he said, had been purchased by Zardari on July 31, 1989.
Khokhar added that Zardari had resigned from the directorship of this company when he assumed the office of the president of Pakistan in 2008. He said Bilawal had never served as a director and as a shareholder he had no involvement in the day-to-day affairs of the company.