FIA registers money laundering case against Utility Stores officer
FIA registers money laundering case against Utility Stores officer
KARACHI (Dunya News) - Federal Investigation Agency (FIA) has registered a money laundering case against accused Munir in the ongoing investigation against Utility Store Corporation South Region.
According to FIA officials, a case was registered against the accused Munir Ahmed Khan, an officer of Utility Stores Corporation under the Anti-Money Laundering Act 2010. The accused, Muneer Ahmed, allegedly embezzled Rs22.2 million from Pakistan Secretariat Store, Utility Stores Corporations (Pvt) Limited, and deposited the same in his private bank account, and purchased properties.
During the investigation, it was found that Munir Ahmed Khan laundered proceeds of crime generated from misappropriation and embezzlement by depositing money in his personal bank account. Khan layered the proceeds of crime, by transferring them to different bank accounts. Later, he purchased two plots worth millions of rupees in Karachi.
