FIA launches investigation into money laundering of billions in CM project
— Father son duo operating crime syndicate from Singapore to defraud Pakistani investors
By Staff Reporter
KARACHI: The Federal Investigation Agency (FIA) has started a money laundering investigation against the Singaporean company Creek Marina Pvt Ltd. and MeinHardt Private Limited. Company owners Dr. Naseem Shahzad and his son Omar Shahzad have also been added to the watch list.
They is alleged to have extorted billions of rupees from people through a residential project called Creek Marina in Defense Phase 8, opened fake accounts in connivance with bank staff and sent money out of Pakistan after laundering more than three billion rupees.
Another money laundering suspect, Creek Marina CEO Ayesha Warsi has resigned.
According to the details, several allottees had submitted applications to the FIA that they had booked flats in the Creek Marina project located in Defense Phase 8. Even after 20 years of payment, a company Creek Marina Pvt Ltd owned by owners of MeinHardt Singapore has not completed the construction of the project and has not given them the flats till now.
The victims had also sent a complaint to the Public Accounts Committee, on which the committee has taken notice. The FIA has started an investigation on the complaints of the allottees. Investigations by the FIA’s Anti-Money Laundering Wing so far have revealed that a company Creek Marina Pvt Ltd Karachi and Singapore had extorted billions of rupees from people through the Creek Marina project. Company owmers opened a bank account with the connivance of the bank staff without registering with the Board of Investment And money laundering of more than three billion rupees was sent out of Pakistan. Another money laundering suspect, Creek Marina CEO Ayesha Warsi has resigned.
FIA has also recommended to register a separate case against Dr Shahzad Naseem and his associates under banking crime.
According to FIA, along with Dr. Shehzad Naseem and Umar Shehzad, Nudrat Mand and Ayesha Warsi are also accused in these crimes who sent huge sums of money abroad from Pakistan. Ayesha Warsi, the CEO of Creek Marina accused of money laundering, has resigned. Further investigations by the FIA are still underway, which are likely to reveal more startling facts.
Meanwhile allottees and action committee have requested prime minster shahbaz sharif, army chief and core commander to provide them justice and arrest shehzad Naseem, omer shehzad and others.
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