Money

No proof Nawaz transferred money for Flagship: Zia

No proof Nawaz transferred money for Flagship: Zia

ISLAMABAD: Panamagate Joint Investigation Team (JIT) head Wajid Zia on Thursday informed an accountability court that no accounts were found abroad or within the country which prove deposed prime minister Nawaz Sharif transferred money for the Flagship Investment Limited (FIL).Sharif did not appear before Judge Arshad Malik’s court owing to the security situation throughout the country and his statement […]

Money laundering case: Sindh CM meets CJP as JIT complains lack of cooperation

Money laundering case: Sindh CM meets CJP as JIT complains lack of cooperation

KARACHI  – Sindh Chief Minister (CM) Murad Ali Shah along with Sindh advocate general and Sindh chief secretary on Saturday met Chief Justice of Pakistan (CJP) Justice Saqib Nisar in Supreme Court of Pakistan s Karachi Registry in case pertaining to lack of cooperation in money-laundering scam.Earlier, Federal Investigation Agency (FIA) and joint investigation team (JIT)—constituted […]

Whistleblower to get 20% of money recovered from corrupt politicians

Whistleblower to get 20% of money recovered from corrupt politicians

ISLAMABAD: Minister for Justice and Law Dr Farough Naseem on Friday announced introduction of Whistleblower Protection Bill through which whistleblowers will receive 20 per cent of the recovered money and assets from corrupt people.“This law will invite countrymen to identify the corrupt, and whistleblowers will get 20 percent of the ill-gotten money and assets recovered from […]

Asad Umar reiterates commitment to curb money laundering, terror financing

Asad Umar reiterates commitment to curb money laundering, terror financing

Finance Minister Asad Umar reiterated the government’s resolve to control and eventually eliminate money laundering and terror financing in the country in line with international guidelines, Express Newsreported.The finance minister met with a delegation of the Asia-Pacific Group (APG), a Financial Action Task Force-style regional body on money laundering in the federal capital, where he conveyed the government’s […]

British Home Secretary, FM Qureshi discuss money laundering, assets recovery

British Home Secretary, FM Qureshi discuss money laundering, assets recovery

ISLAMABAD (Web Desk) – Foreign Minister Makhdoom Shah Mahmood Qureshi received British Home Secretary Sajid Javid at the Foreign Office on Monday.The two sides discussed various areas of regional and bilateral cooperation, in particular regional security, counter terrorism, organized crime, migration, human trafficking, money laundering and illegal asset recovery.The Foreign Minister stressed the need to […]

Chief justice suggests construction of two dams with money recovered from bad debts

Chief justice suggests construction of two dams with money recovered from bad debts

Chief Justice Saqib Nisar on Saturday announced that there is “consensus among all stakeholders” that two dams should be built from the money recovered from 222 companies who had had loans worth billions of rupees written off illegally. “The water shortage is such a serious matter,” he remarked. “I will have some good news regarding […]

NAB chairman will have to explain money laundering allegations: Nawaz

NAB chairman will have to explain money laundering allegations: Nawaz

ISLMABAD:Former prime minister and Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif while criticising National Accountabiliy Bureau (NAB) chairman said that by not appearing before the Senate Committee Justice (r) Javed Iqbal has insulted Parliament.He said this while chairing party’s consultative meeting at Punjab House which was also attended by Prime Minister Shahid Khaqan Abbasi.Sources told […]

Dastagir terms NAB’s $4.9bn money laundering accusation against Nawaz a ‘joke’

Dastagir terms NAB’s $4.9bn money laundering accusation against Nawaz a ‘joke’

Defence Minister Khurram Dastagir Khan on Wednesday lashed out over National Accountability Bureau and termed theiragainst former Prime Minister Nawaz Sharif a ‘joke’. He urged that an investigation should be held against NAB itself. Participating in the debate on the budgetary proposals for the next fiscal year in the National Assembly, the minister asserted that […]

Serial attacker: Karachi police increase reward money by Rs0.5m

Serial attacker: Karachi police increase reward money by Rs0.5m

KARACHI: After failing to trace the serial attacker, the police department has increased on Tuesday the amount of the reward money from Rs0.5 million to Rs1 million. The police department has also issued new pictures of the suspect and his motorcycle. As many as 13 women, including unmarried girls and married women, have so far become […]

UK police returning seized money to Muttahida

UK police returning seized money to Muttahida

UK police returning seized money to Muttahida LONDON: The UK police are in the process of transferring nearly half a million pounds to Altaf Hussain, the Muttahida Qaumi Move­ment and Karachi businessman Sarfraz Merchant. The money was originally seized in the course of a money laundering investigation by the Metropolitan Police’s National Terrorist Financial Investigation […]

Bees make money: Stealing hives the new buzz in New Zealand

Bees make money: Stealing hives the new buzz in New Zealand

Bees make money: Stealing hives the new buzz in New Zealand By Agency A native product prized for its antibacterial properties as much as the taste, Manuka honey fetches as much as US$102 per kilogram. PHOTO: REUTERS WELLINGTON: New Zealand’s bees are being stolen and traded by organised crime syndicates seeking to profit from skyrocketing honey […]