• Home
• /
• World

MQM leader's brother, others booked for money laundering

The Federal Investigation Agency (FIA) has registered two FIRs against the brother of a London-based MQM leader, a banker and several officials of an exchange company for illegally transferring money out of Pakistan through fake bank accounts and Hawala to the UK and a Gulf country.
They allegedly transferred between Rs50 million and Rs60m generated through land grabbing, particularly China-cutting - the illegal carving out of smaller residential plots, less than 120 square yards, from a big amenity plot - to London and Gulf states from 2013 to 2015, according to FIA officials.
In a related development, the Rangers raided Al-Barq Gymkhana Landhi and claimed to have recovered huge quantities of arms and ammunition allegedly stocked there for subversive activities in the city by militant wing of the MQM.
The FIR registered by the FIA commercial banks circle on behalf of the state, Syed Iqbal Rasheed allegedly abused his official position as a bank branch manager to provide 'illegal benefit' of banking services to Mohammed Ahsan, alias Chunnu Mamu, pertaining to laundering the proceeds obtained from unlawful business of China-cutting abroad.
The FIR did not mention the affiliation of Mohammed Ahsan, alias Chunnu Mamu, with any political party, but FIA director Shahid Hayat in his recent letter to the Sindh government stated that Mohammed Ahsan alias Chunnu Mama was 'brother of Mohammed Anwar of MQM, London'.
news@khaleejtimes.com
 
 

• Pakistan