Pakistan: A money-laundering scandal with potential to upset political scene

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July 05, 2018
The details were difficult to digest for Tariq Sultan. He is a small-time employee of a politically connected businessman of Karachi with monthly salary around Rs25,000. But he came to know from FIA investigators that he is owner of a company, A-One International, which has five accounts in three banks used for suspicious transactions. Guess how much? Rs8 billion.

“I have not seen an Arab national in my life, let alone eight Arab (billion) rupees,” he told FIA which is investigating a potential money-laundering scandal of Rs35 billion implicating a top political leader along with his businessman and banker friends. As many as 29 accounts located at branches in Karachi of three banks were used for the transactions.