Tag: money laundering cases

  • Rs720 million money laundering case: Moonis Elahi appears before FIA

    Rs720 million money laundering case: Moonis Elahi appears before FIA

    Former Federal Minister for Water Resources Moonis Elahi appeared before the Federal Investigation Agency (FIA) after the agency filed a Rs720 million money laundering case against him.

    After his appearance, the former federal minister said the FIA gave him a questionnaire, claiming that its “purpose” was not to conduct an investigation but to arrest him.

    “The government did all this so attention could be diverted from the budget in the Punjab Assembly. If I tell the PML-N today that we will support you, all cases will end,” the Pakistan Muslim League-Quaid (PML-Q) leader further said.

    He added that all information regarding his finances is available in his tax returns. According to Moonis Elahi, the FIA has not issued a notice till date but he would appear again if summoned.

    The investigation agency also arrested two of Elahi’s close associates – Nawaz Bhatti and Mazhar Iqbal – on the charges that both of them used to facilitate Elahi to embezzle money.

    After the case was filed, Moonis rushed to the FIA’s office on Wednesday night but he was told to appear the next morning.

    Prior to this, a special central court in Lahore dismissed Elahi’s pre-arrest bail plea in this case.

    ‘Will not abandon Imran Khan’: Moonis Elahi

    When the case was registered earlier, Moonis denied receiving any notice. He said, “I would have come to the FIA office if I had received the notice. I came to know about the FIR from the media. They have skipped a legal step.”

    Moonis said that he is coming to Lahore to appear before the FIA and they can arrest him if they want to.

    “The PML-N is at a loss to understand that it can pressure me to change my loyalty towards former premier and PTI chairman Imran Khan. We will not abandon Khan, come what may,” he said.

    Moonis added that he never heard of the two other persons named in the FIR. However, he admitted to investing in the Rahim Yar Khan (RYK) Sugar Mills, calling it his “declared investment”.

    What is the case?

    According to the FIA’s First Information Report (FIR), the case against Elahi was registered on Tuesday in which the state has been named as the complainant. The agency said that it has “solid evidence” against the PML-Q leader.

    According to media outlets, the FIA was also investigating suspicious transactions worth Rs250 million involving the PML-Q leader’s sugar mills. Moonis is a shareholder in Alliance Sugar Mills.

    According to the FIR, proceedings against Moonis under the Money Laundering Act started during former Prime Minister (PM) Imran Khan’s tenure. Last year, Khan had tasked the FIA to investigate the sugar crisis throughout the country and find out who benefitted from it.

    Following this, FIA released a report claiming that some of Khan’s own party members and Moonis were among those who had allegedly gained from the sugar crisis in Pakistan.

  • ‘Why would I harm my family business’?: PM Shehbaz, CM Hamza get pre-arrest bails

    A special court in Lahore granted pre-arrest bails to Prime Minister (PM) Shehbaz Sharif and his son Punjab Chief Minister (CM) Hamza Shehbaz in a Rs16 billion money laundering case registered against them by the Federal Investigation Agency (FIA).

    The court asked both PM Shehbaz and CM Hamza to pay Rs1 million in surety bonds, each within seven days.

    Both the PM and his son CM Hamza appeared before the court on Saturday.

    During the hearing, the court asked Shehbaz if he has no ownership of Ashiana Housing Scheme and Ramzan Sugar Mills, to which the PM replied, “I have no stake in either.”

    PM Shehbaz asked: “Why would I engage in corruption and money laundering and harm the family business?”

    He said the Federal Investigative Agency (FIA) was provided with all the facts verbally. “I faced countless hearings and trials. The FIA was admonished for not presenting a challan. I believe the FIA was preparing for an arrest, hence the challan was delayed,” he added.

    “The entire case is built on lies and will be buried,” PM Shehbaz further said during the hearing.

    PM Shehbaz’s attorney Amjad Pervez stated that the fact that both of them [Shehbaz and Hamza] had previously been interrogated in jail by the FIA was sufficient proof for their bail.

    He said, “The case has been ongoing for more than a year and now we discover that the suspects were not made part of the inquiry.”

    Last year, the FIA submitted a challan against Shehbaz and Hamza to the special court for their alleged involvement in a money laundering case.

    The report said that the amount was kept in “hidden accounts” and “given to Shehbaz in a personal capacity”.

  • PM Shehbaz, Hamza appear in court for hearing of Rs16bn money laundering case

    PM Shehbaz, Hamza appear in court for hearing of Rs16bn money laundering case

    Prime Minister (PM) Shehbaz Sharif and his son Chief Minister (CM) Punjab Hamza Shehbaz appeared in a special court (Central-I) for their hearing in the Rs16 billion money-laundering case today.

    The father-son duo was accompanied by Interior Minister Rana Sanaullah.

    Shehbaz and Hamza were set to be indicted in the case in the previous hearing on May 14 but it was delayed because the prime minister was in the UK and postponed his return to the country in order to visit the UAE to offer condolences over the death of their president.

    Once the hearing started, Judge Ijaz Hassan Awan complained that due to the security of the prime minister, others coming to the court had to suffer.

    Replying to his complaint, PM Shehbaz mentioned that he has asked his security not to stop anybody. “I am appearing before the court in order to maintain its dignity and follow the laws of the country,” the premier added.

    When the court asked PM Shehbaz to take the rostrum, the premier said he would have committed a crime if he hadn’t appeared in the court.

    “On the orders of former prime minister Imran Khan, an investigation was conducted in Britain and I was proved innocent,” PM Shehbaz recalled, adding that he returned to Pakistan back in 2004 and wouldn’t have come back if he had black money.

    When Shehbaz again took the stand, he told the court he had served as the chief minister for 10 years but had never taken a salary. “My salary would be Rs10 million but I did not take it. I also went on official tours using my own money. I used to get the government car refuelled from my own pocket.”

    “I saved the nation billions of rupees.”

    The premier’s counsel argued that the 14 accounts mentioned by the FIA were through banking channels. “Baseless propaganda was done in this case for 1.5 years. The suspects tolerated insults despite lack of evidence.”

    “It seems the FIA is inspired by [streaming platform] Netflix. This is a film-inspired FIR,” he argued.

    The FIA had in December 2021 submitted the challan against Shehbaz and Hamza to a special court for their alleged involvement in laundering an amount of Rs16bn in the sugar scam case.

  • FIA terms withdrawal of cases against Shehbaz, Hamza ‘fake news’

    FIA terms withdrawal of cases against Shehbaz, Hamza ‘fake news’

    The Federal Investigation Agency (FIA) on Thursday termed the news story related to the withdrawal of cases against Prime Minister (PM) Shehbaz Sharif and his son Punjab Chief Minister (CM) Hamza Shehbaz and others as “fake news”.

    In a statement, the FIA said that it had registered the case and it has not been withdrawn. The investigating agency further said that the proceedings are continuing in the court, with the next hearing scheduled for May 14.

    “Hence, it is fake news. FIA may legally proceed against the persons involved in spreading this fake news,” said the FIA spokesperson.

    The FIA said that on April 11, the prosecutor had submitted his opinion-based application in the court regarding a change of the prosecutor wherein he was instructed not to appear on behalf of the prosecution.

    It added that the prosecutor had alleged that the director-general of the FIA, via the investigation officer, had asked him not to appear before the court, adding that “it was not a withdrawal application anyway”.

    “On 11-04-2022, Mr Sanaullah Abbasi was the DG FIA. At the time of submission of the application, the new PM had not yet taken the oath. Tahir Rai was posted as DG FIA on 22-04-2022. This matter pertains to the timing before his arrival in FIA,” said the FIA.

    The agency said that the “change of prosecutor is a routine matter” and added that the government lawyer was also changed several times during the PTI government.

    “It is requested that fake news may not be spread in this matter,” said the FIA spokesperson.

    On the last hearing, the FIA’s special court issued an order that it will indict PM Shehbaz and CM Punjab Hamza.

  • Govt vs PML-N: Clash over UK’s unfreezing of Shehbaz’s accounts

    Govt vs PML-N: Clash over UK’s unfreezing of Shehbaz’s accounts

    Pakistan Muslim League-Nawaz (PML-N) leaders have said that the government’s claims that it was not involved or pursuing the money laundering cases against PML-N President Shehbaz Sharif have been exposed. 

    Addressing a press conference, Shahid Khaqan Abbasi said, “The government had embarrassed itself in front of the world with the National Crime Agency (NCA) probe.”

    “The standard set by this government, when it comes to lying, is totally unique. The prime minister of this country, in his own office, creates an Asset Recovery Unit (ARU) that has no legal basis. And what has that ARU done?” Abbasi questioned. 

    “Time and again, the NCA told the court that it has the complete support and cooperation of the Pakistani government and its agencies,” added Abbasi.

    PML-N leader Ahsan Iqbal said the government is failing the masses as it is busy registering fake cases against the Opposition. “However, your failure is becoming a matter of life and death for the public,” he said.

    PML-N leader Atta Tarar on Tuesday shared on Twitter the letter written by the office of the prime minister’s adviser on accountability to the NCA in the UK.

    “For [three] years [you] have levelled false allegations; ARU’s letter to NCA written on December 11, 2019, by your office is attached,” Tarar wrote, addressing Adviser to Prime Minister on Accountability and Interior Mirza Shahzad Akbar, whose office had sent the letter to NCA.

    However, in a virtual press conference on Tuesday, Adviser to the Prime Minister on Interior and Accountability Mirza Shahzad Akbar pointed out that there was no asset freezing order (AFO) against Shehbaz in the UK.

     He also shared the document on Twitter and said: “Cheap tricks won’t work. Shehbaz still need[s] to answer in courts in Pakistan.”