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KARACHI: The National Accountability Bureau, Karachi, on Thursday claimed to have arrested a money exchanger over charges of money laundering. He is said to be an “aide” of former Sindh minister for information Sharjeel Memon.
“The NAB Karachi has arrested Mohammad Sohail,” said a spokesperson.
The held suspect operates a money exchange firm located on main I.I. Chundrigar Road.
Published in Dawn, May 10th, 2019
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Comments (7) Closed
May 10, 2019 09:55am
Disclosures and arrest will not make any difference on the economic condition of the people of Pakistan.Recovery of looted assets will definitely make the difference.
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May 10, 2019 10:45am
@Justicefirst, But in reality, our institutions, or our systems have such weaknesses or shortcomings due to which these people enjoy every kind of facility when in power and when not in power. They have certain similar traits due to which in assemblies , no law against them is passed and no question is raised to change the law or to make the law speedy and forceful.Unfortunately, this is the fault of the common people also who never cares to defeat them in elections but sorry to say, that people actually cast votes dishonestly and they have to suffer ultimately.
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May 10, 2019 11:39am
Yes, While Sharjeel Memon is enjoying VIP protocol and facilities on tax payers money. All drama and nothing else.
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May 10, 2019 11:54am
@Justicefirst, Looters, thieves and corrupts of the past will not return th looted wealth of Pakistan, unless few are hanged or sent to jail for life without any more appeals.
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May 10, 2019 05:05pm
All are being caught but nobody is being punished except NS to some extent.
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May 10, 2019 10:33pm
Ineffective NAB is just adding dates after dates without any plausible action on its top cases of corruption.
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May 12, 2019 03:58am
Ten out of ten currency exchange dealers are involved in this game. It is time to scrutinise their activities and to close all loop holes which allows them to assist money laundering/illegal transfers abroad. They should be required to properly and accurately report to SBP all cash currency purchases/home remittances. Besides, all foreign currency home remittances should be deposited in bank accounts in Pakistan so that checks can be made on the movement of these foreign currency funds. It is also necessary to keep a tab on buyers of foreign currency from these dealers.
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