Mega Money Laundering Case Update: 5 Accused Flee Abroad, More ‘Benami Accounts’ Surface

Posted on Posted inPakistan

OCT 15, 2018: Five out of 23 accused in the mega money laundering case under investigation by the the Federal Investigation Agency (FIA) have fled the country, it emerged Monday.

The revelation was made in the report of a joint investigation team (JIT) probing the matter of laundering of several billion rupees through fictitious bank accounts in the country.

Earlier in the day, another startling revelation was made regarding bank accounts of a dead man being operated in Karachi with transactions worth Rs4.6 billion.

Iqbal Aaraiyn, who passed away on May 9, 2014, had four bank accounts mysteriously opened under his name after his death.

Prior to this, similar bank accounts registered in the name of an ice cream vendor and rickshaw driver have also come to light in Karachi.

Similar fake accounts were also opened in the name of some residents in Hyderabad, Sialkot and other cities in the country.

In the latest development, accused Nasir Abdullah Lotha, Aslam Masood, Mohammad Arif Khan, Mohammad Umair and Azam Wazir Khan have fled the country, reports Geo News.

Related Article: Mysterious Bank Accounts Keep Surfacing in Country Which Has Highest Percentage of Non-Account Holders

All five accused were said to have been playing key role in opening of fictitious bank accounts in connivance with bank officials.

Citing unknown sources the mdeia outlet said the accused fled the country soon after registration of a case against them by FIA. They said efforts are being made to bring the accused to Pakistan.

In an unrelated development, the Secutities and Exchange Commission of Pakistan (SECP) today approved Anti-Money Laundering/Countering Financing of Terrorism Guidelines for Non-Profit organizations and international NGOs operating in the country.

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