• About Us
  • The TFT Story
  • Team
  • Write for TFT
  • Online advertisement tariff
  • Donate To Us
The Friday Times - Naya Daur
Sunday, January 29, 2023
  • Home
  • Editorials
  • News
  • Analysis
  • Features
  • Spotlight
  • Videos
  • Citizens’ Voice
  • Lifestyle
  • Editor’s Picks
  • Good Times
  • More
    • About Us
    • Team
    • Write for TFT
    • The TFT Story
    • Donate To Us
No Result
View All Result
  • Home
  • Editorials
  • News
  • Analysis
  • Features
  • Spotlight
  • Videos
  • Citizens’ Voice
  • Lifestyle
  • Editor’s Picks
  • Good Times
  • More
    • About Us
    • Team
    • Write for TFT
    • The TFT Story
    • Donate To Us
No Result
View All Result
The Friday Times - Naya Daur
No Result
View All Result
Home News

Moonis Elahi’s ‘Frontman’ Was Signatory To 32 Bank Accounts: FIA

According to the agency, the PML-Q leader borrowed the identities of two front-men to set up the Rahim Yar Khan (RYK) Sugar Mills from allegedly ill-gotten wealth

News Desk by News Desk
June 27, 2022
in News
Moonis Elahi’s ‘Frontman’ Was Signatory To 32 Bank Accounts: FIA
63
SHARES
Share on FacebookShare on Twitter

The Federal Investigation Agency (FIA), which is investigating the Rs 720 million money laundering case against former minister and PML-Q leader Moonis Elahi, has found that front-man Nawaz Bhatti was a signatory of at least 32 bank accounts with a credit turnover of around Rs 24 billion.

According to the agency, Moonis Elahi had borrowed the identities of front-men Bhatti and Mazhar Abbas to set up the Rahim Yar Khan (RYK) Sugar Mills from allegedly ill-gotten wealth.

However, the PML-Q leader has denied any links to alleged front-men.

Earlier this month, the FIA had filed a money-laundering case against Elahi and others under Sections 34, 109, 420, 468 and 471 of the Pakistan Penal Code.

According to the FIR, the agency had started an inquiry two years ago, pursuant to a report of the Sugar Inquiry Commission 2020.

“During the ongoing probe against Rahim Yar Khan (RYK)/Alliance Sugar Mills Group, it transpired that the following low-profile individuals [Nawaz Bhatti and Mazhar Abbas] — one of them had been at a very low level at the time — had jointly set up RYK Sugar Mills Limited in 2007/2008 at Rahim Yar Khan,” the FIR said.

The FIR concluded that the inquiry has substantiated that Moonis Elahi, Nawaz Bhatti, Abbas, Makhdum Omar Shehryar, Tarik Jawaid, Wajih and Muhammad Khan Bhatti have been involved in money-laundering.

Also Read:

PTI Decides Imran Khan Will Contest All 33 NA By-Elections

Ten Madrassah Students Die As Boat Capsizes In Tanda Lake, Kohat

Tags: Moonis ElahiPTIpervez elahiImran KhanmoonismoneyinvestigationfialaunderingmanfrontPML-Qelahi
Previous Post

History’s First Recorded Strike By Workers

Next Post

Imran Khan Apologised To Pervez Elahi For Calling Him Punjab’s ‘Biggest Dacoit’: Moonis Elahi

News Desk

News Desk

Next Post
Imran Khan Apologised To Pervez Elahi For Calling Him Punjab’s ‘Biggest Dacoit’: Moonis Elahi

Imran Khan Apologised To Pervez Elahi For Calling Him Punjab’s 'Biggest Dacoit': Moonis Elahi

Recent News

PTI Decides Imran Khan Will Contest All 33 NA By-Elections

PTI Decides Imran Khan Will Contest All 33 NA By-Elections

January 29, 2023
Beyond Fantasy: This Historian Depicts Ottoman Power In Real Life

Beyond Fantasy: This Historian Depicts Ottoman Power In Real Life

January 29, 2023
Ishaq Dar’s Exchange Rate Policy

Ishaq Dar’s Exchange Rate Policy: Ignorance And Hubris

January 29, 2023

Twitter

Newsletter



Donate To Us

The Friday Times – Naya Daur

THE TRUTH WILL OUT


The Friday Times is Pakistan’s first independent weekly, founded in 1989. In 2021, the publication went into collaboration with digital news platform Naya Daur Media to publish under a daily cycle.


Social Media

Latest News

  • All
  • News
  • Editorials
  • Features
  • Analysis
  • Lifestyle
PTI Decides Imran Khan Will Contest All 33 NA By-Elections

PTI Decides Imran Khan Will Contest All 33 NA By-Elections

by News Desk
January 29, 2023
0

The Pakistan Tehreek-e-Insaf (PTI) announced that it will...

Beyond Fantasy: This Historian Depicts Ottoman Power In Real Life

Beyond Fantasy: This Historian Depicts Ottoman Power In Real Life

by Ahmad Faruqui
January 29, 2023
0

In Pakistan, as in much of the Muslim...

Social Feed

  • About Us
  • The TFT Story
  • Team
  • Write for TFT
  • Online advertisement tariff
  • Donate To Us

© 2022 All Rights Reserved.

No Result
View All Result
  • Home
  • Editorials
  • News
  • Analysis
  • Features
  • Spotlight
  • Videos
  • Citizens’ Voice
  • Lifestyle
  • Editor’s Picks
  • Good Times
  • More
    • About Us
    • Team
    • Write for TFT
    • The TFT Story
    • Donate To Us

© 2022 All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist