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| India-Pakistan |
| More than 5,000 fake accounts used for money laundering: PM's special assistant |
| 2018-11-13 |
| [DAWN] The government has identified more than 5,000 fake accounts which were allegedly used for money laundering, Special Assistant to the Prime Minister on Accountability Shahzad Akbar said on Monday. Akbar, flanked by Senator Faisal Javed and Adviser to PM Iftikhar Durrani, held a presser to share the progress made by the assets recovery unit ‐ a joint team of officials from the State Bank of Pakistain, the Federal Board of Revenue and watchdogs formed to bring back illegal money stashed abroad. "More than $1 billion have been laundered abroad through these fake accounts opened under the names of small vendors," he revealed. "These figures have been traced out after investigating overseas properties in excess of $1 million held by Pak nationals," he added. The assistant said that the unit was currently going after the 'big fishes' only and the rest of offenders "will be taken care of on a later stage". |
| Posted by:Fred |