Rs 700 billion money laundering from Pakistan, stunning revelations made
ISLAMABAD – Prime Minister’s Special Assistant on Accountability Shahzad Akbar said that the details of money laundering worth Rs700 billion has been traced in 10 countries.
Addressing a press conference along with PM’s Special Assistant on Media Iftikhar Durrani and PTI leader Senator Faisal Javed Khan, Shahzad Akbar said The Asset Recovery Unit has traced assets worth Rs700 billion owned by Pakistanis in 10 different countries.
He said the aforementioned assets were acquired through money laundering and fake accounts. He said the process to freeze the accounts of big crocodiles has been started, adding the cases worth Rs1.3 billion directly linked. He assured that the references regarding money laundering will be filed soon.
The special assistant said initially only big fish are being targeted. “The verdict related to the Hill Metal case will be announced within a week,” he informed.
“Pakistan has become the third biggest country, whose citizens own real estate in Dubai,” he mentioned.
Shahzad Akbar claimed that the evidences are present beyond iqama (work permit) relating to the money laundering of billion rupees. He revealed that more than 500 fake accounts have been traced. He also claimed that Rs5.3 billion dollar were laundered from outside Pakistan within the perion of previous ten years.