While the news of President Musharraf's resignation and Asif Zardari's nomination for president occupy the big headlines, the renewed reports of the continuing Swiss probe into corruption allegations against Zardari are also vying for attention in the same week.

Swiss Judge Daniel Devaud has "confirmed to NEWSWEEK that the prosecutor's office was still investigating "aggravated" money-laundering offenses. Likewise, Jacques Python, a Geneva lawyer hired by Pakistan to work with Swiss authorities on the corruption case, said he had every reason to believe that the Geneva prosecutor's investigation was still open. And Alec Reymond, a lawyer who had represented Bhutto in connection with the Swiss investigation, also says the case is still open."

In 1997, after Zardari had been imprisoned in on suspicion of corruption, Judge Devaud found that Bhutto herself had purchased a necklace worth 117,000 British pounds from a London jeweler—using cash and a bank transfer from the account of Bomer Finance, a British Virgin Islands company, which the magistrate said was jointly controlled by Bhutto and Zardari. (Her supporters claimed this allegation was based on trumped-up evidence supplied by her political enemies. Bhutto herself reportedly claimed her husband had bought the necklace but never told her about it).

According to Newsweek's Mark Hosenball and Michael Isikoff, Judge Devaud's investigations in 2003 resulted in a series of court orders against Bhutto, Zardari and one of their Swiss lawyers, Jens Schlegelmilch. The orders, akin to misdemeanor guilty findings by a U.S. justice of the peace, were issued by the Swiss judge, an investigating magistrate in Geneva who has handled many high-profile investigations into the alleged laundering of corrupt payments through Switzerland by foreign politicians. Devaud's orders can be read at a NAB site here.

As to the outcome of the Swiss prosecution, some legal experts believe that Swiss prosecutors have three possible courses of action: close the case entirely, prosecute it by bringing it into a superior court or arrange the Swiss version of a plea bargain, in which money seized by Swiss authorities during the investigation probably would be confiscated or handed over to charity, but charges would be settled without any prison sentences.

The charges of corruption will likely haunt Zardari for the rest of his life. The way for him to leave a better legacy is by renouncing the amnesty he received from President Musharraf and by offering to go through a fair trial to clear his name.

Views: 265

Attachments:

Reply to This

Pre-Paid Legal


Twitter Feed

    follow me on Twitter

    Sponsored Links

    South Asia Investor Review
    Investor Information Blog

    Haq's Musings
    Riaz Haq's Current Affairs Blog

    Please Bookmark This Page!




    Blog Posts

    Has Pakistan Destroyed India's S-400 Air Defense System at Adampur?

    Pakistan claims its air force (PAF) has destroyed India's high-value Russian-made S-400 air defense system (ADS) located at the Indian Air Force (IAF) Adampur air base. India has rejected this claim and posted pictures of Prime Minister Narendra Modi posing in front of its S-400 rocket launchers in Adampur.  Meanwhile, there are reports that an Indian S-400 operator, named Rambabu Kumar Singh, was killed at about the time Pakistan claims to have hit it. Pakistan is believed to have targeted…

    Continue

    Posted by Riaz Haq on May 21, 2025 at 4:00pm

    Pakistan Downs India's French Rafale Fighter Jets in History's Largest Aerial Battle

    Pakistan Air Force (PAF) pilots flying Chinese-made J10C fighter jets shot down at least two Indian Air Force's French-made Rafale jets in history's largest ever aerial battle involving over 100 combat aircraft on both sides, according to multiple media reports. India had 72 warplanes on the attack and Pakistan responded with 42 of its own, according to Pakistani military. The Indian government has not yet acknowledged its losses but senior French and US intelligence officials have …

    Continue

    Posted by Riaz Haq on May 9, 2025 at 11:00am — 32 Comments

    © 2025   Created by Riaz Haq.   Powered by

    Badges  |  Report an Issue  |  Terms of Service