TDAP: Money laundering worth Rs250 million uncovered
FIA is now looking to arrest director to commerce minister, Farhan Junejo.
TDAP logo. PHOTO: TDAP
Director to the commerce minister, Farhan Junejo was found to be embroiled in a money laundering case worth Rs250 million, Express News reported on Sunday.
Using Trade Development Authority of Pakistan (TDAP), funds were deposited in various countries in the form of trade subsidies.
Express News reported that Federal Investigation Authority (FIA) is now looking to arrest Junejo.
Earlier, Prime Minister Nawaz Sharif had ordered that the Chief Executive of TDAP Abid Javed Akbar Ali be sacked.
He had also referred the case involving the misappropriation of Rs1.27billion to FIA.
The officials implicated in the case included former Secretary TDAP Abdul Kabir Qazi and Director General Facilitation Abdul Karim Daud Pota.
He also ordered that a special audit be carried out of TDAP accounts over the last two years.
Using Trade Development Authority of Pakistan (TDAP), funds were deposited in various countries in the form of trade subsidies.
Express News reported that Federal Investigation Authority (FIA) is now looking to arrest Junejo.
Earlier, Prime Minister Nawaz Sharif had ordered that the Chief Executive of TDAP Abid Javed Akbar Ali be sacked.
He had also referred the case involving the misappropriation of Rs1.27billion to FIA.
The officials implicated in the case included former Secretary TDAP Abdul Kabir Qazi and Director General Facilitation Abdul Karim Daud Pota.
He also ordered that a special audit be carried out of TDAP accounts over the last two years.