FIA, Customs, Rangers Raid Noorburg Plaza, Recover Rs9 Billion in Foreign Currency
Rawalapindi, September 18, 2023 - Law enforcement agencies, including the Federal Investigation Agency (FIA), Customs, and Rangers, raided Noorburg Plaza on Murree Road in Rawalpindi on Monday, September 17, 2023. The raid resulted in the recovery of over Rs9 billion in foreign currency, including US dollars, euros, and pounds.
The raid was reportedly conducted on the basis of intelligence that Noorburg Plaza was being used as a safe haven for money laundering. The plaza is owned by property tycoon and media mogul Sheikh Aftab Adil.
According to sources, the raid was conducted in the basement of the plaza, where a large number of digital safes were found. The safes were reportedly filled with foreign currency and cash.
The FIA team was reportedly overwhelmed by the amount of currency and cash that was recovered. The team is still in the process of counting and documenting the seized assets.
The FIA has requested assistance from other law enforcement agencies to help with the investigation.
Raid Highlights
- The raid was conducted on the basis of intelligence that Noorburg Plaza was being used as a safe haven for money laundering.
- The raid resulted in the recovery of over Rs9 billion in foreign currency, including US dollars, euros, and pounds.
- The raid was conducted in the basement of the plaza, where a large number of digital safes were found.
- The FIA team was reportedly overwhelmed by the amount of currency and cash that was recovered.
- The FIA has requested assistance from other law enforcement agencies to help with the investigation.
Implications
The raid on Noorburg Plaza is a major blow to money laundering in Pakistan. The seizure of over Rs9 billion in foreign currency is a significant amount of money, and it is likely that the investigation will lead to further arrests and seizures.
The raid also raises questions about the role of the media in money laundering. Sheikh Aftab Adil is a prominent media figure, and his ownership of Noorburg Plaza suggests that he may have been involved in using the media to launder money.
The investigation into the Noorburg Plaza raid is ongoing, and it is possible that further details will be released in the coming days.