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FIA detecting over 150 fake accounts

FIA detecting over 150 fake accounts

KARACHI: Federal Investigation Agency (FIA) investigators are likely to detect 150-plus fake accounts and Rs200 billion laundered through these accounts in the ongoing money laundering case, said a media report.

A team member of inquiry committee exposed that FIA investigators were confident about detection of more 150-plus fake accounts in which according to initial guess some Rs200 billion was laundered.

“Within days, FIA will submit another progress report with the details of more accounts and laundered money,” concluded the official.

On August 13, during the hearing of a suo motu case pertaining to money laundering case of Sindh of Rs35 billion through fake accounts, FIA Director General Bashir Memon has informed the Supreme Court that the FIA had discovered 15 more accounts with transactions worth Rs6 billion.

According to the progress report, an account for Dream Trading & Co for one Muhammad Rasheed had been opened by Mukhtar Ahmed, who is involved in opening other accounts at UBL and Sindh Bank by adopting the same procedure of changing signatures and Rs2.39 billion was transferred from February 2012 to September 2013.

The progress report also states that another account titled Ocean Enterprises for one Abdul Qadir was opened by Ahmed, wherein Rs2 billion was transferred from February 2012 to September 2013. The third account titled Star Broker Badin for one Ejaz Ahmed, wherein Rs1.06 billion was transferred from July 2014 to February 2015.

The FIA has also shared a list of 14 individuals whose CNICs were used. They include Naeem, Hasan Brohi, Amjad Aftab, Ghulam ul Nabi, Jangdeesh, Afzal, Hanif, Jalal, Mushtaq, Asad Ali, Bakhsh Salangi, Muhammad Ashraf, Tariq Sultan and Muhammad Umair.