KARACHI: A very large amount of foreign exchange has been transferred illegally from Pakistan and assets acquired abroad in the past few years by Pakistanis it was revealed during the interrogation of a number of brokers and suspected foreign exchange racketeers in Karachi by the Martial Law authorities, [agency] reliably learnt here yesterday [May 5].

Special interrogation and investigation teams, headed by military officers, have started functioning at Karachi, Lahore and Dacca to probe into the activities of suspected persons whose lists have been prepared. In this connection, it is believed that some notorious brokers and smugglers of foreign exchange have also been arrested at Lahore, Dacca and Karachi.

Some startling facts have come to light regarding foreign exchange holdings and other assets illegally acquired abroad by a large number of industrialists, businessmen and other influential and well-known personalities, including some high Government officials. As a result of this, the interrogation and investigation teams are reported to be busy in compiling data and are preparing dossiers of all persons suspected of holding illegal foreign exchange or having assets abroad.

Published in Dawn, May 6th, 2019