Tag: money laundering
Former Malaysian PM charged with money laundering, abuse of power
KUALA LUMPUR: Malaysian prosecutors charged former Prime Minister Najib Razak with 21 counts of money laundering and four counts of abuse of power on...
Pakistanis own 2,700 foreign properties, FIA tells SC
--CJP orders AGP to trace Pakistanis who own '15-20' foreign assets, says all individuals will be dealt under Article 4
ISLAMABAD: Federal Investigation Agency (FIA) Director...
UK interrogates former Pakistani official on money laundering charges
–Ex-govt official ‘politically exposed person’ controls property portfolio worth more than £8m
–UK’s NCA releases couple after questioning but investigations will continue against them
–Govt refuses to...
Pakistan, UK reach agreement to bring laundered money back
ISLAMABAD: Pakistan and Britain on Monday reached an agreement to work towards curbing money-laundering and repatriating assets stashed away by Pakistanis in the UK.
The announcement with regard to the...
Ishaq Dar can be extradited from UK if he’s convicted by...
--Although UK does not have a formal extradition treaty with Pakistan, 'Section 194 of Extradition Act 2003 allows special extradition arrangements in exceptional circumstances'
--British...
JIT to probe money laundering case sets up office in Karachi
FIA's Additional DG Ehsan Sadiq is heading six-member investigation team also comprising ISI official
ISLAMABAD: A joint investigation team (JIT) formed by the Supreme...
Court issues notices over non-appearance of Anwar Majeed, son in court
KARACHI: A banking court on Tuesday issued notices to the jail superintendent and doctors who have issued medical certificates to Omni Group Chairman Anwar Majeed...
Omni Group withdraws millions from ‘frozen’ bank accounts
FIA tells SC 10 out of 41 bank accounts could not be immediately frozen due to which company was able to retrieve funds
ISLAMABAD:...
Money laundering charges loom over Pakistanis not disclosing foreign assets
--Chief Justice Nisar expresses frustration over lack of progress in recovering money stashed abroad
--SBP chief informs court Pakistanis own assets worth $150bn in UAE...
FIA probe reveals Rs41bn laundered via fake accounts
The Federal Investigation Agency’s (FIA) ongoing probe into a case pertaining to fake bank accounts has revealed that around Rs41 billion were laundered, a...
FIA prepares list of 400 beneficiaries of laundered money: report
The Federal Investigation Agency (FIA) has prepared a list of 400 individuals, including politicians, bureaucrats and former Sindh government ministers, who benefited from laundered...
Court extends Faryal Talpur’s interim bail till Sept 4 in Rs35bn...
KARACHI: A banking court on Thursday extended the interim bail granted to Pakistan People’s Party (PPP) leader Faryal Talpur in the Rs 35 billion money...
CJP suggests Panama Papers-like JIT as FIA digs out 15 more...
ISLAMABAD: The Federal Investigation Agency (FIA) told the Supreme Court (SC) that 15 more accounts linked to a suspicious account in Summit Bank had...
Hussain Lawai suffers heart attack, admitted to hospital
KARACHI: Prominent banker and main suspect in the Rs 35 billion money laundering scandal, Hussain Lawai suffered a heart attack on Thursday.
The accused, currently in...
Zardari siblings skip JIT probe again, demand removal of its head
--Faryal Talpur's lawyer tells FIA his client wants to 'fully cooperate' in Rs35bn money laundering probe but has reservations over JIT head
KARACHI: Pakistan People's Party...
Services of British legal firm hired in money laundering case against...
KARACHI: Services of a British legal firm have been hired in connection with money laundering case against the founder of Muttahida Qaumi Movement (MQM) Altaf...
SC dismisses appeal seeking restoration of 29 ‘fake’ bank accounts
Petitioners say companies risk closure if accounts remain frozen in Rs35bn scam
CJP says court will decide matter after FIA completes inquiry
KARACHI: The...
