Pakistan receives Rs28 billion from UK crime agency

Pakistan receives Rs28 billion from UK crime Agency
ISLAMABAD: The United Kingdom’s National Crime Agency (NCA) has transferred to Pakistan Rs28 billion obtained through a settlement with a Pakistani citizen in a civil lawsuit.
According to the reports, the NCA spokesperson confirmed that the agency had transferred the amount but declined to give any further information about where the money had been deposited.

READ MORE: £190 million to be spent on social welfare, says Shehzad

Special Assistant to the Prime Minister on Accountability Shahzad Akbar said that the government had requested the state bank for the Rs28 billion so that it could spend the money on the poor.
“The government has signed a document due to which it cannot reveal any more details about this matter,” he said.
A £190m out-of-court settlement with UK’s crime agency and a Pakistani citizen was announced by the NCA on Thursday.

READ ALSO: Corruption has destroyed country’s image, says Javed Iqbal

An immovable property worth £50 million was also included in the settlement.
“In August 2019 eight account freezing orders were secured at Westminster Magistrates’ Court in connection with funds totalling around £120 million.
These followed an earlier freezing order in December 2018 linked to the same investigation for £20 million.
All of the account freezing orders relate to money held in UK bank accounts,” read a statement from the NCA.

READ MORE: USD falls low against Pakistani rupee in InterBank market

The UK crime agency had said that all assets would be returned to the state of Pakistan. 
Comments: 0

Your email address will not be published. Required fields are marked with *