KARACHI: The Federal Investigation Agency’s Corporate Crime Cell (CCC) has registered a case of money-laundering against an officer of the Utility Stores Corporation.
Muneer Ahmed, an officer of Utility Stores Corporation, is already confined to the Central Jail, Karachi, under FIR No.22/2020 registered in October by FIA in Karachi.
He allegedly laundered money through his personal bank account and then purchasing properties and embezzling millions of rupees from the national exchequer.
It is considered the first independent case of money laundering after it became a cognizable offense after reforms in the Anti-Money Laundering (AML) Act 2010 last year.
According to the FIA, the accused Muneer Ahmed, former Warehouse In-charge (Commodities), allegedly embezzled Rs22.2 million from Pakistan Secretariat Store and deposited the amount in his private bank account to purchase properties.
During the investigation, it was found the suspect laundered the embezzled amounts from USC and deposited in his personal bank account in Korangi. He transferred the amount to different bank accounts and acquired two plots worth millions of rupees in Karachi.
The case was registered by Inspector Ayub Mangrio and would be investigated by Inspector Shabeer Chandio of Corporate Crime Circle of FIA.
