Who is the Pakistani "politically exposed person" arrested by British NCA for money laundering?
*LONDON - Pakistani arrested by the UK’s National Crime Agency (NCA) has been identified as* Farhan Junejo.
Farhan Junejo was wanted in money laundering case related to the Trade Development Authority of Pakistan (TDAP).
He was also said to be the front man of then federal commerce minister Makhdoom Amin Faheem (late).
According to the NCA, “Officers from the NCA’s International Corruption Unit have arrested a former ‘Pakistani Politically Exposed Person’, aged in his 40s, and his wife, aged in her 30s, in connection with alleged money laundering in the United Kingdom believed to be the result of corruption in Pakistan.”
Junejo, director to the former minister for industries and trade Makhdom Amir Faheem, had allegedly transferred Rs250 million of corruption money through hawala and hundi, which are illegal methods of transferring money.
Farhan Junejo was a grade-18 government officer and he was appointed on deputation in the federal ministry of industries and trade, where he worked as director to the minister from 2009 to 2012.
In 2013, FIA said that Farhan transferred Rs250 million to his bank account in Dubai. The money was later transferred to his mother’s account in Switzerland, two of his wife’s accounts plus his sister and his joint account in UK, and his brother’s account in USA.
The NCA says the probe was supported by Pakistan’s National Accountability Bureau and the Federal Investigation Agency. “The couple, who were arrested in Surrey, owns a UK property portfolio worth more than £8m for which they appear to have no legitimate source of income.”