FIA confiscates 29 properties belonging to MQM's KKF

News Desk , Bol News

12:26:01, Thursday, January 03, 2019

The Federal Investi­gation Agency (FIA) has impounded properties worth Rs3.5 billion owned by the Muttahida Qaumi Movement’s Khid­mat-i-Khalq Foundation (KKF), according to sources.

At least 29 properties in the possession of KKF — MQM's charity wing — and located in various areas of Karachi have been impounded, FIA sources said.

They alleged that the properties had been set up with funds collected through extortion, adding that the funds raised through the properties, by way of rent, used to be sent to the United Kingdom through six or so facilitators.

According to the FIA sources, transactions related to the properties were also conducted using fake names.

MQM's London-based founder Altaf Hussain along with other party leaders, including former federal minister Babar Ghauri, former senator Ahmed Ali, Karachi Deputy Mayor Arshad Vohra, Khawaja Sohail Mansoor and Khawaja Rehan have been booked in a case pertaining to alleged money laundering.

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