FIA foils Rs26mln money laundering bid in Karachi


Money Laundering FIA Federal investigation agency Bilawal Bhuttoo NAB fake accounts case mega money laundering case Asif Ali Zardari Faryal Talpur PPP Karachi banking court
19 Mar, 2019 5:59 pm

KARACHI (92 News) – The Federal Investigation Agency (FIA) State Bank Circle officials have foiled bid to launder money up to Rs26 million during the latest raids conducted in Saddar and I I Chundrigar Road areas of Karachi on Tuesday.

According to the details, the FIA officials conducted latest raids in the two offices of H&H Company while five accused persons including Hawala Hundi manager and its agent were arrested and lodged a case against them.

The agency thwarted major bid of money laundering during, where they seized a huge amount of local and foreign currencies. During the raid, they seized local currency up to Rs19.6 million and foreign currency worth up to 6.4 million.

It is worth mentioning here that H&H Company is being investigated by a Joint Investigation Team (JIT) over alleged connection into illegal transfer of money abroad.

NAB summons Asif Zardari, Bilawal Bhutto on March 20

On the other hand, the National Accountability Bureau (NAB) had summoned PPP co-chairman Asif Zardari and chairman Bilawal Bhutto in the mega money laundering on March 20.

Earlier, the banking court had ordered to transfer mega money laundering case from Karachi to Rawalpindi on the National Accountability Bureau’s (NAB) plea.

The banking court accepted the NAB plea of moving the case to Rawalpindi from Karachi. However, former president Asif Ali Zardri and his sister Faryal Talpur were absent during the hearing.
Following the arguments, the court had reserved its verdict earlier this week. Subsequently, the banking court had also cancelled the interim bails granted to Zardari, Talpur and others as the case had been transferred to a different court.

Earlier on March 11, a Karachi banking court had extended the bail of Asif Zardari and his sister Faryal Talpur till March 15. The court had also announced that decision on shifting or not shifting the case to Islamabad will be made on March 15.


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