ISLAMABAD: The finance ministry officials have informed federal minister Asad Umar that as many as Rs218 billion worth of transactions were detected from 284 fake accounts.
They informed the finance minister during a session held on the FATF.
The sources said that the officials told the finance minister that Karachi-based Omni group was involved in money laundering of as many as Rs94 billion via 235 bank accounts.
They added that Rs73 billion were laundered abroad via 25 bank accounts of a commercial bank based in Punjab, while Rs25 billion via 25 other accounts. During the meeting state bank, FBR, FIA and Financial monitoring units complaint of lack of cooperation within the institutes.
