Court summons Moonis Elahi in money laundering case on Oct 11
\nISLAMABAD
\nThe Federal Investigation Authority (FIA) has unearthed as many 42 benami and fake bank accounts associated with Moonis Elahi in RYK\/ Alliance Sugar Mills Group money-laundering and corruption case.
\nAccording to the challan submitted by the FIA in the banking crimes court, a number of fake and benami bank accounts used Moonis for laundering proceeds of crime were unearthed.
\nThe agency claimed that these bank accounts were involved in multiple direct transactions with the companies owned\/controlled [directly and through family members\/ subsidiaries], exposing the \u201clink between the benamis and the accused Moonis Elahi.\u201d
\nIt also claimed that these bank accounts have interacted with the bank accounts of the companies namely Hayat Khan Pvt. Ltd., Agro Tractors Pvt. Ltd., and Bahera Pvt. Ltd. All these companies, according to the challan, are owned\/controlled [directly\/indirectly] by Moonis Elahi.
\n\u201cThe same benamidars were used to acquire, layer and disguise the trail of shares of RYK Sugar Mills Ltd.,\u201d the FIA alleged in the challan. Records of six bank accounts opened in the name of Muhammad Nawaz Bhatti, a government official working as a Naib Qasid, and Mazhar Abbas, a grade-17 officer of the land records department, were also acquired by the FIA.
\nNames of nine alleged benamidars of Moonis were also included in the record. Total turnover of transactions in the accounts of Nawaz, who is the close relative of Punjab CM\u2019s Muhammad Khan Bhatti, is around Rs24 billion.
\nThe FIA also found record of transactions worth tens of millions in the account of Qisar Iqbal Bhatti, a peon in Punjab Assembly. The records show that Nawaz and Mazhar acted as Moonis\u2019 facilitator.
\nThey were the owners of 66% shares of RYK\/ Alliance Sugar Mills Group. They, however, claimed that they were not aware of their shareholding. The FIA claimed that their statements prove that Moonis used their name. The court has summoned all the four accused including Moonis Elahi on October 11. <\/p>\n","protected":false},"excerpt":{"rendered":"
Court summons Moonis Elahi in money laundering case on Oct 11 ISLAMABAD The Federal Investigation Authority (FIA) has unearthed as many 42 benami and fake bank accounts associated with Moonis Elahi in RYK\/ Alliance Sugar Mills Group money-laundering and corruption case. According to the challan submitted by the FIA in the banking crimes court, a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-286633","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"\n