FIA summons high-profile accused in billions of rupees alleged money laundering case

LAHORE: The Federal Investigation Agency (FIA) Lahore has Sabir Hameed alia Mithu, a resident of Lahore, in an alleged money laundering case.

The investigation was triggered after accounts linked to Mithu reportedly showed suspicious transactions totaling more than Rs5 billion.

The FIA Lahore Anti Money Laundering Wing launched the inquiry based on a report, which flagged the transactions as potentially being part of illicit financial activities.

Mithu has been formally served a notice and is required to provide a comprehensive account of the transactions under investigation to the FIA.

This development follows an extensive review of the financial records linked to Mithu’s 14 domestic and five foreign accounts, which collectively transacted over PKR 5.34 billion, the FIA sources said.

Family members close matter have claimed that all of Mithu’s assets and bank details have been declared to the Federal Board of Revenue (FBR).

Mithu is associated with a prominent figure, and this inquiry has garnered significant attention due to the large sums involved in the flagged transactions.

The investigation is ongoing, and further details are expected to emerge as the inquiry progresses.

The FIA money laundering case against Sabir Hameed alia Mithu is a formal inquiry launched by the Federal Investigation Agency’s Anti Money Laundering Circle (FIA AMLC) over his involvement in transactions of substantial scale.

The FIA AMLC has summoned Sabir Hameed for questioning on October 23 at 10am. The investigation has brought to light the existence of 19 accounts associated with Sabir Hameed. These accounts include 14 in Pakistan and five in foreign countries. The total value of transactions in these accounts amounts to Rs5.34 billion.