Friday, July 20, 2012

Moonis Elahi and his wife are not involved in money laundering. FIA, No further action is required as of present, Supreme Court

Islamabad (July 19, 2012) Supreme Court of Pakistan has ordered after FIA report in the NICL case that no further action is required against Moonis Elahi and his wife as of present.

However, the apex court in the NICL contempt case has again issued notices to former DG FIA Malik Muhammad Iqbal and former Secretary Establishment Rauf Chaudhry. Further hearing in the case has been postponed for three weeks.

Three member bench of the Supreme Court headed by Chief Justice Iftikhar Muhammad Chaudhry was informed by Director Legal FIA that about the money transferred in the accounts of Moonis Elahi and his wife, money laundering or any other crime could not be established. There is Money Laundering Act in the country but so far Pakistan has not signed any accord with any country regarding money laundering.
The Chief Justice observed that money coming from abroad runs the economy of the country and money coming from abroad should not be stopped.

Postponing the hearing of the case, the court ordered the FIA that on the next date of hearing, report about recovery in the NICL case should be submitted while the court has again sought reply from the parties on the Justice (retd) Ghulam Rabbani Commission Report.