10,000 foreign properties owned by Pakistanis been traced: Shahzad Akbar
06 October, 2018
ISLAMABAD: Prime Minister Imran Khan’s Special Assistant on Accountability Shahzad Akbar on Friday said over 10,000 foreign properties owned by Pakistanis had been traced.
Addressing a presser along with Information Minister Fawad Chaudhry, Akbar said, “We have received details of those holding foreign assets and 10,000 properties owned by Pakistanis in the United Kingdom (UK) and United Arab Emirates (UAE) have been traced.”
He said that the newly constituted Asset Recovery Unit comprising National Accountability Bureau and Federal Investigation Agency officials would investigate thousands of properties abroad held by Pakistanis.
“This is a huge success,” he added. The premier’s special assistant further said, “We have formed a task force which will ensure the money sent abroad is brought back.”
“In the first stage, we have initiated an inquiry against 895 foreign properties and officers of the Federal Investigation Agency (FIA) and National Accountability Bureau (NAB) are part of the investigation,” he added. Akbar continued, “We have spoken to the Swiss government and will speak to other countries as well regarding hundi/hawala.”
Stating that cases regarding properties owned abroad by Pakistanis are also being heard in the Supreme Court, Akbar said, “First, the top court was alone in its fight against the corrupt but now it has the government’s support.”
The special assistant also spoke about notices sent to 300 Pakistani nationals who own properties in the United Arab Emirates. “We will send a list of those 300 people to the Supreme Court.” He added, “We have details of three housing societies in Dubai.”
“Money is sent abroad through launches,” Akbar regretted and added that PM Imran had formed a task force to draft laws against money laundering and hundi/hawala.
Akbar further said that proceedings had been initiated against all those named in the Panama Papers. Speaking to the media, Information Minister Fawad Chaudhry said, “The task force to bring back money from abroad is being headed by Shahzad Akbar.”
Millions are being recovered from the accounts of ice-cream vendors and stall owners Fake accounts were created for the purpose of money laundering,” he added. “When leaders are corrupt they draft laws which make it easy for money to be taken abroad. Money can be brought back and its ownership can be proven,” he added.