AVN 65.00 Increased By ▲ 0.05 (0.08%)
BAFL 31.39 Decreased By ▼ -0.12 (-0.38%)
BOP 4.79 No Change ▼ 0.00 (0%)
CNERGY 3.85 Increased By ▲ 0.01 (0.26%)
DFML 14.53 Increased By ▲ 0.12 (0.83%)
DGKC 41.83 Increased By ▲ 0.23 (0.55%)
EPCL 47.00 Increased By ▲ 0.30 (0.64%)
FCCL 11.38 Increased By ▲ 0.09 (0.8%)
FFL 5.08 Increased By ▲ 0.03 (0.59%)
FLYNG 5.80 Decreased By ▼ -0.02 (-0.34%)
GGL 10.57 Increased By ▲ 0.12 (1.15%)
HUBC 66.89 Increased By ▲ 1.25 (1.9%)
HUMNL 5.59 Decreased By ▼ -0.07 (-1.24%)
KAPCO 27.98 Increased By ▲ 0.23 (0.83%)
KEL 2.17 Increased By ▲ 0.02 (0.93%)
LOTCHEM 24.51 Increased By ▲ 0.16 (0.66%)
MLCF 21.60 Increased By ▲ 0.12 (0.56%)
NETSOL 84.54 Decreased By ▼ -0.25 (-0.29%)
OGDC 87.00 Decreased By ▼ -0.25 (-0.29%)
PAEL 11.10 Increased By ▲ 0.12 (1.09%)
PIBTL 4.19 Decreased By ▼ -0.04 (-0.95%)
PPL 75.40 Decreased By ▼ -0.30 (-0.4%)
PRL 13.59 Decreased By ▼ -0.06 (-0.44%)
SILK 0.89 Decreased By ▼ -0.03 (-3.26%)
SNGP 41.12 Decreased By ▼ -0.21 (-0.51%)
TELE 5.81 Decreased By ▼ -0.04 (-0.68%)
TPLP 15.68 Increased By ▲ 0.04 (0.26%)
TRG 111.60 Decreased By ▼ -0.10 (-0.09%)
UNITY 13.91 Decreased By ▼ -0.07 (-0.5%)
WTL 1.16 No Change ▼ 0.00 (0%)
BR100 4,078 Increased By 14.4 (0.35%)
BR30 14,521 Increased By 52.6 (0.36%)
KSE100 40,862 Increased By 128.8 (0.32%)
KSE30 15,298 Increased By 67.9 (0.45%)
Follow us

LAHORE: The Federal Investigation Agency (FIA) Lahore has decided to launch a money laundering investigation against former federal minister and Pakistan Muslim League-Quaid (PML-Q) senior leader Moonis Elahi.

Official sources said that the PML-Q stalwart, who is the son of Punjab Assembly Speaker Pervaiz Elahi, had sent money abroad through hundi/hawala and built up properties worth billions of rupees. He is also among those PTI cohorts who allegedly got benefits from the sugar crisis in the country.

The sources said the agency decided to proceed against Moonis Elahi after it collected “sufficient” evidences of money laundering and getting “undue” benefits from the sugar cartel.

Reacting to the development, Moonis Elahi shared a screenshot of the “breaking news” on his official Twitter handle and wrote “Bismillah”. It may be mentioned that here that former prime minister Imran Khan last year had had tasked the FIA to investigate the sugar crisis throughout the country and find out who benefited from it, including the PTI lawmakers. However, the agency adopted a go slow policy against the PTI members, but remained quite active against opposition lawmakers, particularly Prime Minister Shehbaz Sharif and Punjab Chief Minister Hamza Shehbaz.

Copyright Business Recorder, 2022

Comments

Comments are closed.

FIA to launch money laundering probe against Moonis Elahi

1,100MW K-3 inaugurated, China praised

Panel asks PD to broker agreements between govt, gas producing provinces

PM invites IK, others to APC on terrorism, economy

Jul-Jan trade deficit shrinks 31.97pc to $19.632bn YoY

Dar approves proposal to raise $2bn from expats

Rules notified: FBR, banks can share info about civil servants’ assets

IK writes letter to President: Agencies accused of meddling in political affairs

Smuggling not the main reason behind USD shortage: FBR

‘Country heading towards digital catastrophe’

SBP’s reserves slip to $3bn