PAKISTAN: 172 INDIVIDUALS ON EXIT CONTROL LIST (ECL) IN MONEY LAUNDERING CASE

Pakistan Today on 31st December reported that the Chief Justice of Pakistan (CJP) expressed anger at the placement of 172 individuals on the Exit Control List (ECL), as the courts resumed hearing a long-running mega money laundering and fake bank accounts case.  A joint investigation team probing the money laundering case had held the Zardari Group, Omni group and Bahria Town responsible.  The names added to the ECL included Pakistan People’s Party Chairman Bilawal Bhutto, party’s Co-chairman Asif Ali Zardari, Sindh Chief Minister Syed Murad Ali Shah, presidents of a number of local banks, and other former ministers and bureaucrats.  It says that the case was initially registered in 2015 against former Pakistan Stock Exchange (PSE) chairman Hussain Lawai, who is widely believed to be close to former president Zardari.  Besides the ex-president and his sister, real estate tycoon Malik Riaz’s son-in-law Zain Malik and 14 other bankers and businessmen have been named in the case with 29 ‘fake’ bank accounts, while others have been detained for their alleged involvement in facilitating the transactions.

https://www.pakistantoday.com.pk/2018/12/31/cjp-annoyed-at-placement-of-fake-accounts-suspects-on-ecl/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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