LAHORE: Justice (R) Javed Iqbal, Chairman of the National Accountability Bureau (NAB) has reiterated that Money Laundering was a crime and Supreme Court (SC) had handed over such cases to the Bureau.
Addressing the members of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) here today he assured that NAB would not take any step creating hurdles in the economic progress.
Chairman NAB further added that instead of NAB the cases regarding taxes would be handled by Federal Board of Revenue. He further pointed out that no plea bargain could be finalized without his approval.
A relevant piece published earlier:
Money Laundering: FIA soon to launch operation to nab big fish?
ISLAMABAD: Following the Supreme Court orders FIA is endeavoring to nab those who had laundered billions out of this country, and bring them back (along with the looted money), with the assistance of Interpol.
Sources privy to NPTV have revealed that FIA has formed a team that will travel to Doha, Dubai, Abu Dhabi, Britain, Singapore, Malaysia, and various other countries to contact their respective governments to figure out how to make arrests.
Chief Justice of Pakistan (CJP) Mian Saqib Nisar, taking Suo Moto notice, ordered the FIA to investigate about the money smuggled outside the country by a large number of Pakistanis. CJP had also directed FIA to bring back those who had stolen public money.
According to details besides members of PML-N, PPP-P, PNA, Jamiat-e-Ulema, politico-religious parties, doctors, engineers, industrialists, and bureaucrats are also involved in money laundering. Sources have revealed that those who (along with their family members) are involved include (among others): Asif Ali Zardari, Mian Nawaz Sharif, Asfand Yar Wali, Pervez Musharraf, Maulana Fazl-ur-Rehman, Jahangir Tareen, Chaudhry Wajahat, Chaudhry Shuja’at, Chaudhry Pervez Elahi, Dr. Asim, Sanaullah Zehri, Babar Ghauri, Nadir Magsi, Wakeel Jamali, Shoaib Bukhari (l), Kamran Tessori, Agha Farid (Owner of Agha’s Super Market Karachi), Younus Iqbal Memon, Abdul Jabbar Iqbal Memon, Iqbal Memon (Canadawala), Dr. Khalil Shibli, Dr. Shabeena Khalil Shibli and Dr. Ishrat-ul-Ibad.
It has been insinuated that these people have stashed the nation’s money in many foreign countries such as Singapore, Thailand, Dubai, Switzerland, Canada, America, UK, Doha, Qatar, Australia, Bahrain, and Saudi Arabia. They have acquired dual nationalities and utilized smuggled money to support a luxurious lifestyle and construct lavish homes. FIA was ordered by CJP to find exact details about the aforementioned individuals. A team, in collaboration with Interpol, will be attempting to bring them back.
So far it is known that some 300 entrepreneurs have businesses in Dubai. Apart from that, there are businesses in the countries mentioned earlier. It has been informed that FIA, after taking approval from the Interior Minister and PM, will launch an operation to round-up people on a grand scale. Many FIA offices are scheduled to be opened in Turkey, Greece, Qatar and various other countries. Moreover, there will be a significant increase in the vigilance at Pakistani airports.
News Pakistan
