KARACHI: Two properties of Khidmat-e-Khalq Basis (KKF), the Muttahida Qumi Motion (MQM) charity wing, in Punjab have been bought as investigators probed cash laundering case in opposition to the social gathering leaders, Geo Information reported on Wednesday.
The properties value Rs60 million have been bought in Multan and Lahore, sources within the Federal Investigation Company (FIA) instructed the TV channel.
The sources stated the company has sought particulars of sale and buy of the properties from the commissioners of Lahore and Multan.
They stated the properties owned by the KKF weren’t bought in accordance with guidelines as they may not be placed on sale with out the permission of the organizers.
The sources revealed that the KKF owned 4 properties in Lahore and it nonetheless owns two properties in Multan and Lahore.
Ban on switch of KKF autos
Excise and Taxation Division of Sindh authorities has sough a right away ban on the switch of autos owned by the KKF.
Sources stated that the advice was made after experiences emerged that some autos have been unlawful transferred on the names of relations of social gathering leaders earlier than being bought.
The sources stated the workplace bearers of the social gathering have been additionally concerned within the misappropriation of KKF funds by transferring them into accounts of their relations after which buy of saving certificates.
Anti-Terrorism wing of the FIA has been investigating the cash laundering case in opposition to the KKF.
The investigation is being led by ATC Wing Chief Mazhar Kaka Khel.