The Anti-Money Laundering Circle (AMLC) of the Federal Investigation Agency (FIA) has summoned a close relative of former army chief General Qamar Javed Bajwa in money-laundering case, ARY News reported on Saturday.
According to a notification issued by the FIA, Sabir Hameed aka Sabir Mithu has been summoned in connection with “an ongoing criminal investigation on the allegation of high volume of suspicious transactions into your bank accounts contrary to the declared business profile”.
According to the FIA, Sabir Mithu has been summoned on October 23 under the Money Laundering Act and call up notices have been delivered at his all three residences.
The FIA notice reads that Sabir Mithu owns 19 bank accounts, 14 Pakistani and 5 foreign, and Rs5.34 billion transactions have been made into these accounts.
The FIA has sought details of all foreign currency purchases made by him or on his behalf. Furthermore, details of foreign currency taken by him or his spouse or family members out of Pakistan have been sought.
In 2013, the tax paid by Sabir Hameed was less than one million. In the coming years, he became a billionaire, a powerful property business tycoon of Lahore, and started transferring assets abroad.
Tax documents show that in 2014 Sabir Hameed declared assets included eighteen properties in different areas of Lahore, a business capital of Rs 16 million, a Mercedes Benz, and Rs 152 million in cash. He also showed seven properties as “Any Other Assets” and nine properties as “Assets in Others’ names”.
For more details please see this report.
October 21,2023
Source: ARY News