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Former Pakistan President Asif Ali Zardari was on Monday arrested in a multi-million dollar money laundering case by the National Accountability Bureau, ANI reported.

According to a report by ARY News, Zardari was allegedly running a fake front company by the name of Parathon as a shareholder in Park Lane properties.

The charges entail that the former President took out a loan worth Rs 1.5 billion from the National Bank of Pakistan in the name of Parathon, and transferred to the company account in a private bank.

Zardari is already in custody of NAB in connection with a fake bank accounts case.

NAB had arrested him in June after the cancellation of his pre-arrest bail by the Islamabad High Court in the fake bank accounts case.

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