*ISLAMABAD: The Islamabad High Court (IHC) has termed it illegal to framemoney laundering charges against anyone concealing assets or not declaringthem. *
The five-page decision has been issued by Chief Justice IHC Athar MinaAllahin which he stated that money laundering act cannot be implemented ifassets are not made through illegal money.
For money laundering charges, it is necessary to prove that the assets weremade through the illegal money. “The FBR has failed to prove the charges inthe case,” the top judge said as he heard a case from a businesspersonality Altaf Gondal.
Read Top Stories
The court observed that a case against the petitioner was registered overconcealing assets on 29 June 2021, therefore money laundering case againstthe petitioner is illegal.
