Money laundering: SC orders to put three heads of banks on ECL

08 Jul, 2018 7:18 pm

ISLAMABAD (92 News) – The Supreme Court ordered on Sunday to place the names of heads of three private banks and beneficiaries’s name on the exit control list (ECL).

A three-member bench of the Supreme Court headed by Chief Justice Mian Saqib Nisar heard the case of fake bank accounts. Federal Investigation Agency (FIA) Director General Bashir Memon appeared before the apex court after the chief justice took suo motu notice of reports transfer money from fake bank accounts.

He informed that the Supreme Court that Rs35 billions were transferred to 29 fake bank accounts. The bank accounts, he said, were opened in Sindh Bank, Summit Bank and United Bank. He also told the court 16 accounts were opened in Summit bank, five in Unite Bank and eight in Sindh Bank.

The FIA director general said the details of persons using the bank accounts have been provided to the apex court. The Supreme Court ordered the Interior Ministry to place names of seven account holders and 13 beneficiaries on the Exit Control List.

The apex court has summoned seven fake bank account holders and 13 beneficiaries on July 12 (Thursday). Account holders are identified as Tariq Sultan, Irum Aqeel, Muhammad Ashraf, Iqbal Arain, Muhammad Umair, Adnan, Javed and Qasim ALi.


According to the FIA, beneficiaries of fake accounts include Omni Polymer Packages, Pak Ethanol PVT Limited, Ansari Sugar Mills, Asif Ali Zardari, Faryal Talpur,Nasir Abdullah Lootah, Chamber Sugar Mills, Agrofarms Thatta, Parthenon Pvt Limited, A-One International, Lucky International , Logistic Trading, Royal International and Umair Associates.

The hearing of the case was adjourned till Thursday.

 




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