KARACHI: The Federal Investigation Authority (FIA) on Monday arrested Shabbir Abu Talib, said to be associated with the Jamiat-i-Ulema Pakistan (JUP), on charges of money laundering and fraud, from his residence in Karachi's Clifton area, DawnNews reported

FIA’s Corporate Crime Circle claims in the First Information Report (FIR) registered against him that Talib laundered more than Rs800million.

According to the FIA, the accused had been involved in money laundering since many years, a practice he had started during his employment at a money exchange company.

Sources also said Talib had set up an office at a leading trade center in the metropolis.

Moreover, a concerned department of the State Bank of Pakistan (SBP) issued a written complaint with the FIA against Talib shortly after his arrest.

The Jamiat Ulema-i-Pakistan represents people of the Barelvi school of thought and the party had a strong following, especially in Karachi and Hyderabad, till the formation of Muttahida Qaumi Movement in 1980s.