Zardari Corruption Cases Lifted

April 2008 | Risk Summary

Pakistan has withdrawn its support as a civil party in a Swiss probe into alleged money laundering by Pakistan People's Party (PPP) leader Asif Ali Zardari. About CHF60.0mn (US$59.6mn) remains frozen in Swiss accounts while Geneva's chief prosecutor decides whether to bring the case to trial. The probe was started after a 2003 conviction of money laundering was overturned on appeal. Meanwhile in Pakistan, a local court quashed the final seven corruption cases outstanding against Zardari in March, and also ordered the government to withdraw all legal action against him overseas. As a result, Zardari can now stand for election in order to hold office.

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