Federal Investigation Agency (FIA) has seized 29 properties valuing Rs 3.5 billion in a money laundering case against Khidmat-e-Khalq Foundation (KKF) of Muttahida Qaumi Movement (MQM). An FIA official claimed that 29 properties were located in various areas of Karachi and the KKF had set up those properties with extortion money.
The money which was earned from KKF properties as rent was sent to London through different facilitators while it was also given to the families of deceased and imprisoned party workers, he said.
The FIA also questioned Law Minister Farogh Naseem and Minister for Information Technology Khalid Maqbool Siddiqui in the money laundering case. The FIA''s Counter-Terrorism Wing is conducting investigations into the case and has sent notices to 726 people working at different positions within the party. The party members are accused of depositing over Rs 1 billion in KKF accounts. A case against the MQM founder and KKF had been registered in October 2017 on accusations of money laundering, which was later transferred to the FIA.
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