"My arrest will not make a difference. It will only strengthen the party. However, it will create fear among the common man that if Zardari can be arrested then they can also be arrested," Zardari said.
The UK's Crown Prosecution Service (CPS), which represents the Indian government in the extradition case, said that the hearing of Modi's bail plea will take place at the Royal Courts of Justice in London on June 11.
The charges include specific instances of directors of a borrower entity, who also happened to be directors of IL&FS group companies, and a case where a large portion of the loan given to a company was later transferred into the account of its directors.
Rai was arrested on June 8 last year by the ED under the Prevention of Money Laundering Act, moments after he secured bail in a Central Bureau of Investigation case related to alleged extortion and dubious financial transactions.
The ED has registered the alleged bank fraud case against the firm SBL under sections of the Prevention of Money Laundering Act (PMLA). The accused are also being probed by the ED for allegedly bribing senior income tax department officials as part of an earlier criminal complaint.
The prosecutors said they are looking at whether Deutsche Bank may have assisted clients to set up offshore companies in tax havens so that funds transferred to accounts at Deutsche Bank could skirt anti-money laundering safeguards.
The FIA issued notices yesterday to the former president and his sister to appear at the agency's headquarters in Islamabad tomorrow. This is the fourth time they have been summoned, Dawn newspaper reported.