KARACHI: The Sindh Police and Federal Investigative Agency (FIA) have started an investigation after more than Rs2 billion were found deposited in a street vendor’s bank account. When Qadir went to the FIA office, he was informed about the existence of Rs2.25 billion in bank account. Previously, in a separate case, the FIA had found Rs 8 billion in the bank account of a man in Karachi. MONEY LAUNDERING CASE:The FIA is investigating 32 people in relation to money laundering from fictitious bank accounts. But despite these huge transactions, the bank officials never reported them to the authorities concerned, including the FIA.

Source: Pakistan Today September 29, 2018 16:18 UTC