KARACHI, Pakistan: Pakistan’s Federal Investigation Agency (FIA,) while investigating the much publicized Rs35 billion money laundering case, found as much as Rs8 billion in the bank account of a Karachi man, but the citizen says he has absolutely no idea how the money got there.
According to sources, the citizen, Adnan Javed, had deposited Rs5000 to open three accounts under the title of a company, Lucky International, two years ago. But he never checked his account balance.
Adnan Javed has recorded separate statements with the FIA in Karachi, Islamabad, and the Supreme Court. He was also presented before DG FIA Bashir Memon. He stuck to his stance of being unaware of the deposit.
The money laundering probe
The FIA is investigating 32 people in relation to money laundering from fictitious bank accounts. The inquiry started when the financial monitoring unit of the State Bank of Pakistan generated a ‘suspicious transaction report’ in January this year regarding ten bank accounts.
Sources maintain that over 20 ‘benami’ accounts at a private bank were opened in 2013, 2014 and 2015 from where transactions worth billions of rupees were made. The amount according to FIA sources is said to be black money gathered from various kickbacks, commissions and bribes.
But despite these huge transactions, the bank officials never reported them to the authorities concerned, including the FIA.