KARACHI: Alleged mega money laundering scam upto tunes of billions of rupees has finally entered into another stage where Federal Investigation Agency started search of assets and properties owned by owners and nine other accused of Creek Marina project.

In latest updates of probe, after submitting an interim challan to court, FIA has started hunting of properties owned by nine accused including Creek Marina Pakistan, Singapore and Meinhardt Singapore project owner Naseem Shahzad, his son CEO Umar Shahzad, Director Sadia Kashif, Nudrat Mand Khan, others and their families.  Investigation body sought all necessary details from different concerned organisations and departments including KDA, Bahria Town, DHA, ABAD and others.  According to details, FIA Banking Circle registered case under Section 25 of Anti-Money Laundering Act against all accused. Accused named in this case are project owners, shareholders, Creek Marina Singapore and Pakistan, MeinHardt Singapore owner Naseem Shehzad, his son CEO Umar Shehzad, Abdul Rahim, CFO Nudrat Mand Khan, Sadia Kashif wife of Syed Kashif Khalid, Bankers Shahryar Khalid, Faisal Hameed, Faisal Jameel Khan and Syed Ali Murad Naqvi. In this regard, FIA investigation officer has written letter to various institutions and agencies across Pakistan including Bahria Town Karachi, Peshawar, Nawab Shah, Lahore, Rawalpindi, Islamabad, MDA Karachi, KDA, DHA Karachi, Lahore, Islamabad, Chairman Abad, Inspector General Revenue Karachi, Registrar Cooperative Housing Societies Karachi, Registrar Properties Karachi, Clifton Cantonment Board Karachi, in which it is clearly stated that with connivance of bank officials, these accused opened and operated forged bank accounts illegally and in violation by setting aside prescribed rules and regulations and code of conduct of the State Bank’s Anti-Money Laundering, Board of Investment and others in name of Creek Marina Pakistan and Singapore. Accused utilised amount for their private gain and made several personal properties through that amount rather than spending that money in construction of project rightly. Billions of rupees from citizens and investors in name of Creek Marina residential project in DHA Phase 8 Karachi was unearthed. Around Rs 3,000 million fraud has taken place with only allottees all alone. Nasim Shahzad, CEO Omar Shahzad and Sadia Kashif are still fugitives.

Sub-Inspector Nasrullah Khan, Investigating Officer of FIA Commercial Banking Circle Karachi, submitted interim challan to Banking Court on September 29. Nudrat Mand Khan was arrested on September 15 and is still in jail.

Published in The Daily National Courier, October, 09 2023

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