KARACHI: The Federal Investigation Agency (FIA) on Wednesday said that Muttahida Qaumi Movement’s Khidmat-e-Khalq Foundation (KKF) sold two plots worth over Rs60 million in Punjab.
The development came as the agency continues to probe a money laundering case against MQM workers who are accused of depositing large sums of money — over Rs1 billion — in KKF accounts. The probe is being supervised by Anti-Terrorism Wing Islamabad’s head Dr Mazharul Haq Kakakhel.
According to the FIA, “Two plots owned by KKF in Multan and Lahore were sold while the investigation was underway. Letters have been written to respective commissioners seeking details of the sales and of those who purchased the plots.”
It was further reported that “the plots were not sold in a legal manner and as per the law, KKF properties cannot be sold without permission of the organisers”.
The foundation in total owned four plots in the two cities and they sold two for over Rs60 million. Furthermore, the FIA has suggested that the Sindh Excise and Taxation Department immediately ban the transfer of vehicles owned by KKF.
“The recommendation for the ban has been made on the illegal transfer of cars owned by the KKF,” FIA sources said, adding that “they were bought by members of the foundation in the names of their relatives and there are reports of them being sold”.
“There has also been embezzlement in the KKF funds as the members transferred the money from KKF’s accounts to their relatives and saving certificates were also made for the money that was transferred.”
The party is accused of carrying out money laundering using the charity’s accounts and the workers are accused of depositing large sums of money, over Rs1 billion, in KKF accounts.
Based on these accusations, a case was registered against MQM’s founder and KKF in October 2017 but was transferred to the FIA later.