Times of Islamabad

FIA confiscates 29 properties worth Rs 3.5 billion of MQM Welfare Wing

FIA confiscates 29 properties worth Rs 3.5 billion of MQM Welfare Wing

*KARACHI – The Federal Investigation Agency has cracked down against theMQM welfare Wing.*

*FIA confiscated on Thursday as many as many 29 properties of the MQM’swelfare wing the Khidmat-e-Khalq Foundation in a money laundering case.*

The total worth of the properties is over Rs3.5 billion. According to theFIA, the properties were bought or constructed with money gained throughextortion.

The case is being investigated by FIA’s Anti-Terrorism Wing.

In October 2017, a case was registered against MQM founder Altaf Hussainand the KKF on accusations of money laundering. The case was latertransferred to the FIA.