AVN 65.20 Increased By ▲ 0.25 (0.38%)
BAFL 30.74 Decreased By ▼ -0.77 (-2.44%)
BOP 4.80 Increased By ▲ 0.01 (0.21%)
CNERGY 3.71 Decreased By ▼ -0.13 (-3.39%)
DFML 14.21 Decreased By ▼ -0.20 (-1.39%)
DGKC 41.05 Decreased By ▼ -0.55 (-1.32%)
EPCL 46.45 Decreased By ▼ -0.25 (-0.54%)
FCCL 11.40 Increased By ▲ 0.11 (0.97%)
FFL 5.05 No Change ▼ 0.00 (0%)
FLYNG 5.80 Decreased By ▼ -0.02 (-0.34%)
GGL 10.33 Decreased By ▼ -0.12 (-1.15%)
HUBC 66.87 Increased By ▲ 1.23 (1.87%)
HUMNL 5.71 Increased By ▲ 0.05 (0.88%)
KAPCO 27.76 Increased By ▲ 0.01 (0.04%)
KEL 2.20 Increased By ▲ 0.05 (2.33%)
LOTCHEM 24.90 Increased By ▲ 0.55 (2.26%)
MLCF 21.44 Decreased By ▼ -0.04 (-0.19%)
NETSOL 83.60 Decreased By ▼ -1.19 (-1.4%)
OGDC 85.90 Decreased By ▼ -1.35 (-1.55%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.22 No Change ▼ 0.00 (0%)
PPL 74.48 Decreased By ▼ -1.22 (-1.61%)
PRL 13.43 Decreased By ▼ -0.22 (-1.61%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.40 Decreased By ▼ -0.93 (-2.25%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.40 Decreased By ▼ -0.24 (-1.53%)
TRG 111.41 Decreased By ▼ -0.29 (-0.26%)
UNITY 13.75 Decreased By ▼ -0.23 (-1.65%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Follow us

ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Saturday alleged that the Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan is the “abettor” in a $250 million money-laundering case, and the “guarantor” of Arif Naqvi, chief executive of the Abraj Capital and Investment Company, indicted by the US courts for 290 years imprisonment.

Reacting to PTI leader Fawad Chaudhry, Musadik in a press conference said, “I put the facts for public to take decision on the issue”.

How a political leader who was the abettor and protector of the $250 million money-laundering (Bahria Town case); and the guarantor of an accused (Arif Naqvi) could be a “Sadiq and Ameen”,” the minister questioned.

He said $250 million money-laundering stood almost one-fourth of the Pakistan-IMF’s current $1.1 billion package, and how an “abettor and protector” of this illegal activity could be declared a “Sadiq-o-Amin.”

He said Arif Naqvi was the person, who being chief executive of a foreign company established a cricket club abroad and sent foreign funds to the PTI, which as per the laws of Pakistan was illegal.

He maintained that Arif Naqvi, working as the fund manager of foreign investors, was facing jail in the United Kingdom on charges of fraudulent activities and for involvement in different “black money schemes.” He said the accused was also wanted by the US authorities after they unearthed his illegal activities in America.

As per law of the land, he said, no political party could get funds from other than Pakistani citizens and if anyone received finances from any foreign national or company it would be “black and illegal money.”

The minister said it was strange that Imran Khan lived in the 200-300-kanal house in Bani Gala and claimed of having no income source.

Copyright Business Recorder, 2022

Comments

Comments are closed.

Imran abettor in $250m money laundering case, alleges Musadik

Govt says ‘will have to’ agree to IMF conditions

Imran steps up criticism of PDM govt

COAS vows to root out menace of terrorism

PTI chief won’t attend APC: Umar

Industry yet to export any amount of sugar

Russian oil supply likely by April

‘IMF is giving Pakistan tough time’

31 NA seats: ECP announces schedule for by-polls on March 19

RDA: pace of growth slightly lower

‘Rules’ allow banks to seek asset details of civil servants