FIA to broaden country-wide drive against money-laundering, terror financing

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The FIA has broadened its scope for country-wide operations against those involved in illegal business of Hundi, Hawala and foreign currency, money laundering and terror financing.

As many as 323 persons have so far been apprehended in 214 cases of Hundi and Hawala, 137 persons in money laundering and 30 in unlawful business of foreign currency, said a source in the Interior Ministry.

The source said that bank accounts of 132 proscribed outfits have been frozen so far and Rs1.10 billion has been confiscated. Similarly, 30 cases were registered against 31 people for their alleged involvement in illegal business of foreign currency in Peshawar and all the arrested persons have been sent to jail. A sum of Rs19.77 million has also been recovered.

The source further said that 17 banking transactions with reference to terror financing had been sent to the Financial Monitoring Unit of the State Bank for investigation in the last two-and-a-half-years. The FIA declared after investigation that none of the 17 suspected banking transactions related to terrorism financing.

However, 137 persons have so far been apprehended on charges of money-laundering in other transactions of financing. Around 67 cases pertaining to dubious banking transactions have been handed over to law enforcement agencies.

The source said that 15 cases have been investigated while investigations the remaining cases are under way.

 

 

1 COMMENT

  1. Dr Zulfiqar Mirza, a prominent PPP leader revealed two days ago that Rehman Malik, the PPP Senator and a former Interior Minister is the biggest money-launderer of Pakistan. Dr Mirza is one of the most straight forward Leaders the country knows and knows a lot of Inside stories of PPP corruption. His statement should be taken seriously by authorities.

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