fbpx
Join eProperty WhatsApp Channel

Join Pakistan’s Most Popular Whatsapp Channel for Property New Updates and Daily Prices

HOT | PLOTS | BOOKINGS | UAN: 03 111 042 111

eProperty®

Learn, Share & Grow

AXIS Lahore Master Plan

FIA likely to freeze Zarco accounts

THE Federal Investigation Agency (FIA) has planned to seize all the local and foreign bank accounts of the ZARCO Exchange Company and letters will be dispatched to the commercial banks concerned within a couple of days.

Sources in the FIA, Lahore, revealed on Wednesday that the decision was taken to safeguard the amounts of the complainants, recovering the illegal money from the company.

They said the investigators had also started collecting the details of personnel accounts and assets of the ZARCO Company and its Chief Executive Syed Lakht-e-Hussnain.

They said the investigators were questioning the arrested IT manager of the firm, Musawwar, whose bail was rejected from the banking courts some two days back. They said Musawwar installed the entire setup of the company and had important information regarding the computer network of the company.

The sources said the main server of the company, which was recovered from its Lahore head office, was sent to the FIA’s Cyber Crime Lab in Islamabad where the technical experts were trying to retrieve all the data.

When contacted, the FIA, Lahore, director said the agency was investigating the case from various angles and no lacuna would be spared. He said the agency would send letters regarding seizure of ZARCO’s accounts soon.

The FIA director said the FIA had launched a campaign against Hundi and Hawala business in the country on the directions of the State Bank of Pakistan (SBP) and the Interior Ministry. He said a comprehensive report was sent to the federal government in this regard. He said the FIA, Punjab, had begun the investigation into the matter with a two-fold strategy, firstly, by checking international flights to prevent physical transfer of forex and secondly, by launching a crackdown on foreign exchange companies involved in Hawala. He said the campaign against Hawala business would continue.

Source: The News

FIA likely to freeze Zarco accounts
eProperty WhatsApp Community

Join the eProperty Community for daily Pakistan Property rate updates, the latest developments, and news.

eProperty WhatsApp Community

Property buying and selling was never easy before; simply connect with our WhatsApp hotline for absolutely free property consulting. Please save this number, +923111042111 in your contact list to get regular updates from us; otherwise, you will not receive any updates.

FIA likely to freeze Zarco accounts
Scroll to top
Open chat
WhatsApp Hotline
السلام عليكم ورحمة الله وبركاته

مہربانی فرما کر ہمارا نمبر 00923111042111 اپنے موبائل کی رابطہ لسٹ میں محفوظ کر لیں۔ اگر یہ نمبر آپکے موبائل کی رابطہ لسٹ میں محفوظ نہی تو آپ کو ہماری طرف سے تازہ معلومات موصول نہی ہوں گی۔

Kindly save this number in your contact list for future updates. You will not received our WhatsApp updtaes if this number +923111042111 is not saved in your contact list.

Atif Iqbal from eProperty®