ISLAMABAD (Kashmir English): Federal Information Minister Attaullah Tarar revealed that the Federal Investigation Agency (FIA) has uncovered evidence of a massive money laundering racket against Bahria Town and property tycoon Malik Riaz during the recent operation.
In an interview on Wednesday, Tarar said that the agency has discovered important documents, showing illegal transactions amounting to Rs. 1.12 billion.
These documents are irrefutable evidence of Malik Riaz and the staff of Bahria Town’s involvement in massive money laundering, he added.
He said that Bahria Town used Safari Hospital as a front office to hide records and cash, and the hospital’s ambulance was used to move records and cash.
Attaullah Tarar further said that Bahria Town employees also tried to burn records, while some records were lost, but most of the evidence was taken into custody by the FIA. He said that using the hospital as a front office and sending sensitive documents and cash through ambulances is not uncommon.
The minister confirmed that Colonel Khalil, a frontman who managed these affairs for Bahria Town, has been arrested. The evidence establishes links between Bahria Town CFO Amir Rashid, Head of Bahria Town Shahid Qureshi, and a racket of Hawala and Hundi operated by Imran and Qaiser.
Tarar described it as a mega corruption scandal involving Malik Riaz and Bahria Town and said that further progress is being made in the FIA investigation.
“More details will be shared with the people of Pakistan on further investigation,” he added.
The minister said that the rights of the residents of Bahria Town are protected and that the action will only be taken against those individuals who were found directly involved in money laundering and illegal activities.
