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Tuesday, July 16, 2024

Money laundering case; FIA may arrest important figures in Sindh

News Analysis |

Federal Investigation Agency (FIA), after arresting an eminent banker Hussain Lawai in a money laundering case, has intensified investigations against two other important figures in Sindh, sources said on Saturday.

Earlier, the FIA team had arrested former head of Summit Bank Hussain Lawai in connection with alleged bank transition worth billions of rupees. The sources said that the names of two important figures from Sindh were mentioned in the FIR, registered against Lawai in money laundering scandal.

It is being perceived that an important figure can be arrested before the upcoming general elections. Besides, the sources said, names of some eminent businessmen from Sindh are also mentioned in the FIR. Two companies owned by two important figures are also included in the FIR. Following the situation, FIA wants arrest of that major figure.

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According to the FIR, Rs 10.5 million money laundering was allegedly committed by that person. Initially, FIR has been registered against 10 persons. Aside from Chairman Summit Bank Naseer Abdullah, Anwar Majeed, Nazli Majeed, Nimra Majeed, Abdul Ghani Majeed, Aslam Masood, Muhammad Arif Khan, Naureen Sultan, Kiran Aman, Adeel Shah and Tah Raza are included in the list.

The alleged beneficiaries have been dispatched notices in this connection, seeking explanation. The corruption of billions of rupees was committed between March 6, 2014, and January 12, 2015. On the other hand, FIA has presented details of as many as 28 accounts in the court. Investigations will be made from these account holders. There is an assumption that these persons, if found guilty, can be arrested. But FIA wants solid proofs before their arrest.