Islamabad Court Convicts 3 in Case of Illegal Funds Transfer for Bahria Town Projects

FIA arrests proclaimed offender in Rs5.6m illegal money transfer fraud

ISLAMABAD - The Federal Investigation Agency (FIA) has arrested a proclaimed offender wanted in an illegal money value transfer case involving Rs5.

Islamabad court convicts 3 in case of illegal funds transfer for Bahria Town projects

Accused violated provisions of Foreign Exchange Regulation Act by transferring funds through illegal channels, prosecution says.

Bahria Town Deputy CEO Jailed in Rs. 1.7 Billion Illegal Money Transfer Case

A court in Islamabad has convicted Bahria Town’s Vice Chief Executive, retired Colonel Khalil ur Rehman, along with two others in a major illegal money transfer case. The court found them guilty of sending Rs. 1.7 billion abroad through unofficial hawala and hundi channels. The other convicted persons are currency trader Muhammad Imran, also known as Imran Kaka, and property dealer Muhammad Mushtaq Ahmed. All three were sentenced to one year of …

Bahria Town Vice CEO Col (r) Khalil jailed in illegal Forex, Hundi-Hawala Case

ISLAMABAD – Another blow to real estate tycoon Malik Riaz and Bahria Town as a court sentenced Vice Chief Executive, retired Colonel Khalilur Rehman, to one year in prison in a case involving illegal foreign exchange, hawala and hundi operations, and unlawful property dealings. The court also convicted two co-accused, hawala operator Imran Kaka and property dealer Mushtaq Ahmed, after concluding that the prosecution had successfully established …