A judicial magistrate in Karachi has sent Hussain Lawai to jail on judicial remand for 14 days.
The FIA wanted an extension in their custody of Lawai. The authorities said that they have taken his initial statement and have information on even more accounts, which is why they need to interrogate him.
Lawai, the vice-chairperson of Summit Bank and Pakistan Stock Exchange head, was arrested on July 6 in a case relating to 29 fake bank accounts made on seven people’s names through which Rs34 billion was funneled.
Lawai has asked the court for B Class facilities in jail. B Class facilities are a step up from regular jail cells.
The court sent a notice to the FIA regarding Lawai’s bail plea and one to the jail superintendent on his request for B Class facilities.
The next hearing will be held on July 19.