ISLAMABAD: The Islamabad High Court issued notice to all respondents in a plea seeking investigation against Nishat Group over alleged transfer of money from Pakistan to the United Kingdom without requisite permission from State Bank of Pakistan (SBP).
An IHC bench comprising Justice Shoukat Aziz Saddiqui and Justice Mohsan Akhtar Kiyani heard the early hearing application of the case moved by Pakistan Welfare Party through its chairman Muhammad Farooq Sulehria.
During the course of proceedings, Shoaib Razzaq counsel for the petitioner pleaded before the bench that the Nashat Group had established business in UK under which a hotel was constructed for which allegedly funds were transferred to the UK.
Razzaq pleaded that this case might be proceed under sections 3 and 4 of the Anti -Money Laundering Act 2010,
The court issued notices to all respondents including NAB, FIA, Federal Board of Revenue, SBP and Mian Mansha’s family, and adjourned the case till first week of the April.