Rs3bn transactions found in rickshaw driver’s account

Published
11
This file photo shows a rickshaw.
This file photo shows a rickshaw.

KARACHI: A rickshaw driver in a poor locality of the city was caught off guard when he discovered transactions of three billion rupees had been made in his name from a private bank account, it emerged on Saturday.

A resident of Korangi, Muhammad Rasheed, came to know about the colossal transaction from his bank account when the Supreme Court-mandated Joint Investigation Team (JIT) — set up to probe into money laundering cases — summoned him and recorded his statement.

“I was asked to visit the FIA [Federal Investigation Agency] office where officials showed me the record of my bank account,” he told a private news channel.

FIA team has been investigating money laundering cases since September

“They said that transactions of some three billion rupees were made through my bank account. I shared all the facts with the investigators and told them that I opened a bank account only once in my life when I was hired by a private company in 2004. It was a salary account and I worked for the company for merely 15 days. I quit to start my own work. Other than this, I am unaware of any other detail.”

When queried about his former employer, he said he was unable to recall its name and only remembered that its office was situated somewhere near Tariq Road.

Rasheed was confident that he had managed to convince FIA officials about his innocence.

“My family and I live in a rented place. I work hard to make both ends meet. I can’t even imagine such a huge amount. I suspect my salary account was being used for all those transactions,” he said.

Since September, the JIT has been probing money laundering cases revealing several suspicious accounts during the inquiry. One of which was a private bank account of a food vendor in Orangi that was found to have more than two billion rupees.

Published in Dawn, October 14th, 2018

Opinion

Editorial

Muddled hierarchy
Updated 15 Nov, 2026

Muddled hierarchy

The jurisdiction of the two courts and a mechanism for settling disputes between them should be spelt out in law, not left to judges to fight over.
Growing crisis
Updated 15 Nov, 2026

Growing crisis

Calling population growth a national emergency is easy. Ensuring that the response reaches the people who need it is the real challenge.
Organised rackets
15 Nov, 2026

Organised rackets

ON the International Day against Transnational Organised Crime, observed today, Pakistan finds itself in a tight...
Referendum talk
Updated 14 Nov, 2026

Referendum talk

Unless the PPP is deliberately using Sindh as a bargaining chip, it should issue a clarification with a clear, consistent position on new administrative units, not one tailored to protect its home turf.
Mineral wealth
Updated 14 Nov, 2026

Mineral wealth

Minerals should not be presented as a solution to Pakistan’s long-term economic difficulties. The aim should be to build an industrial base rather than export raw materials.
Late diagnosis
14 Nov, 2026

Late diagnosis

AS we mark World Diabetes Day today, Pakistan faces a troubling question: how many people are living with diabetes...