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2019-12-05 India-Pakistan
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Recovery of 190m from Malik Riaz tops cabinet discussion
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[DAWN] The federal cabinet on Tuesday held a threadbare discussion on recovery of 190 million pounds by the United Kingdom’s National Crime Agency (NCA) from real estate tycoon Malik Riaz’s family and handing it over to Pakistain.
A source, who attended the meeting, told Dawn on condition of anonymity that the prime minister discussed the matter with some cabinet members when officials of Prime Minister Secretariat and other ministries had left the meeting hall.
According to a blurb issued by the PM Office, the Assets Recovery Unit (ARU) facilitated the repatriation of 190 million pounds (approximately $250m) through a settlement.
The UK’s National Crime Agency has agreed to an out-of-court settlement in a pending investigation with a Pak family that owns large property developments in Pakistain and elsewhere. The NCA also agreed on immediate repatriation of funds to the state of Pakistain, it added.
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Posted by Fred 2019-12-05 00:00||
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File under: Govt of Pakistan
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