UK Crime Agency Transfers Rs.28 billion to Pakistan

Rs28 billion obtained via a settlement with a Pak citizen in a civil lawsuit have been transferred to Pakistan by the United Kingdom’s National Crime Agency (NCA).

It has been confirmed by the NCA spokesperson that the money has been transferred but further information was not disclosed regarding it.

Shahzad Akbar, Special Assistant to the Prime Minister on Accountability said that the government has requested the State Bank for Rs.28 billion so that the money can be spent on the poor.

He said, “The government has signed a document due to which it cannot reveal any more details about this matter.”

NCA earlier announced a £ 190m out-of-court settlement with the crime agency of the UK.

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A statement from NCA read, “In August 2019 eight account freezing orders were secured at Westminster Magistrates’ Court in connection with funds totaling around £120 million. These followed an earlier freezing order in December 2018 linked to the same investigation for £20 million. All of the account freezing orders relate to money held in UK bank accounts.”

As per the UK crime agency, all assets will be returned to the Pak state.

Earlier the government of Pakistan received the settlement amount of £190 million transferred by the British government after the National Crime Agency (NCA) of the United Kingdom agreed on the settlement of property and assets worth billions of rupees belonging to Malik Riaz Hussain.

Also, the Bahria Town Chairman Malik Riaz responded to the NCA settlement. He said that he has not committed any financial wrongdoing and nor has the NCA held him guilty for any crime

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