High rollers: Suspected money launderers arrested

KARACHI: The Federal Investigation Agency (FIA) State Bank circle arrested on Thursday two men allegedly involved in the illegal transfer of millions of rupees to other countries. The spokesperson of the FIA said the special task force conducted a raid on a tip-off at Light House near Denso Hall and arrested Imran Admani, son of Abdul Sattar, and recovered Rs1.87 million in cash, laptops and fake slips from his possession. “In another raid, suspects Waqas Shahid and Parvez Shakil were also arrested from New Challi area after Admani told the police of their whereabouts,” he said. “The suspects had transferred millions to other countries using illegal means.” The spokesperson said that cases under sections of the Foreign Exchange Regulation Act and  the Pakistan Penal Code have already been registered against them.

Published in The Express Tribune, May 1^st, 2015.