Pakistan News Service

Saturday Apr 20, 2019, Shaban 14, 1440 Hijri
Pakistan News Home -> Tribune Corner -> News Details

Two more companies indentified with for money laundering

07 September, 2018

  Related News  
We have commitment to stand by our people and protect our interests: Imran Khan
Nation-armed forces mark Defence-Martyrs Day today
  More on this View All

The Federal Investigation Agency (FIA) on Thursday claimed to have identified two more companies in connection with an ongoing money laundering probe.

In its progress report submitted to the Supreme Court, the FIA said that it had identified two additional companies -M/s Landmarks and National Gases (Pvt) Limited – tied up with the investigation.

The agency said it came to know of the two companies from a hard disk confiscated during the last week’s raid on Khoski Sugar Mills – an Omni Group-owned facility whose head Anwar Majeed is a close Zardari confidant.

The report said that M/s Landmark was a partnership firm between Zardari, Talpur and Azra Fazal, whereas M/s NGS had several members of the Majeed family holding key positions.

The agency also named five members of the Omni Group who, it claims, deposited funds into a private bank account, after which the funds were routed to various banks in London.

The FIA further alleged that, in addition to conventional banking channels, funds were also laundered via Hawala/Hundi system for the purchase of moveable and immovable properties overseas. The case was initially registered in 2015 against former Pakistan Stock Exchange chairman Hussain Lawai, who is widely believed to be close to former president Zardari.

 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Military Courts
Imran - Qadri long march
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Pakistan itself a victim of state-sponsored terrorism: Qamar Bajwa
Should You Try Napping During the Workday?
Suggested Sites