Moonis Elahi's 'Front Man' Signatory To 32 Bank Accounts: Probe.
LAHORE -- The Federal Investigation Agency (FIA) probe into Punjab Assembly speaker's son and PML-Q leader, Moonis Elahi's money laundering case has disclosed that alleged straw man Nawaz Bhatti was a signatory of 32 bank accounts with a credit income of nearly Rs24 billion.
But Moonis has denied any links to alleged straw man Bhatti and Mazhar Abbas. As per FIA, Moonis allowed him to borrow their identities to set up the Rahim Yar Khan Sugar Mills Ltd from his allegedly ill-gotten wealth. Earlier this month, The FIA had registered a money laundering case against the former federal minister and others in a case pertaining to his alleged involvement in a scam to the tune of Rs720 million.
The probe agency had also arrested Bhatti and Abbas on the charges that the two men used to facilitate the PML-Q leader to embezzle money.
According to the investigation agency's FIR, the case against Moonis was registered on June 14 under Sections 34 (acts done by several persons in furtherance of a common intention), 109 (punishment for abetment), 420 (cheating and dishonestly inducing delivery of property), 468 (forgery for purpose of cheating) and 471 (using a genuine forged document) of the Pakistan Penal Code, read with Section 5(2) of the Prevention of Corruption Act, 1947 and Section 4 of the Anti-Money Laundering Act, 2010.
The FIA had also accused Moonis of using 'hundi' to transfer money out of Pakistan, saying it had 'solid evidence' against the former minister.
In his response submitted on Thursday to the 33 questions asked by the agency, Moonis has claimed that he did not know Bhatti and Abbas. He also maintained that he had no knowledge of whether he or his family had helped Abbas secure his job. He further denied knowing that the two held s in the RYK Sugar Mills and if he had provided...
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