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Elahi gets bail

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The special court central on Saturday ordered release of former chief minister of Punjab and the PTI president Parvez Elahi after accepting his bail in the money laundering case.

On Wednesday, the Federal Investigation Agency had arrested Elahi as soon as he came out of the prison after an anti-corruption court granted him bail in another case related to illegal recruitments.

Both the father and his son, Moonis Elahi, were booked a day earlier over alleged money laundering on the basis of the revelations made in the Panama Papers, which showed they were owners of businesses abroad.

They are accused of committing fraud and resorting to money laundering, thus concealing billions of rupees in five Panamanian firms. Elahi allegedly purchased companies in Panama and there was an evidence of illegal transfer of money abroad, according to the FIA sources.

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