Top Karachi Businessman murdered

[Gentelman]

ISLAMABAD: Policemen engaged in the
investigation of the mysterious murder
of Haji Abdur Razzaq Memon, a top
industrialist from Karachi, have disclosed
that he was killed due to business
enmity and over litigation.
Memon was gunned down in a room of a
guesthouse in Sector G-6/4, Islamabad, on
Wednesday night by an unidentified
assailant, police said. They added that the
gunman targeted him from rear side of the
room. The victim sustained three bullets in
his chest and died on the spot.
The investigators said that Memon, 50, a
resident of Clifton, Karachi, got a room in
Sun Guesthouse (House no. 25, Street 67,
Sector G-6/4), on November 21, to resolve
some issues in Islamabad.
They added that Tahir Ashraf, the servant of
a federal minister, arranged for his stay in
Islamabad. The police said that Razzaq
Memon was running his industries in Karachi
but due to some security problems, he
shifted his business to Dubai but a Karachi-
based group deprived him of huge assets
worth Rs400 million fraudulently.
Memon came back to Pakistan and got the
gang members arrested with the help of
Interpol through a deal with the federal
minister. The suspects were shifted to
Pakistan a couple of days back.
The people investigating the case believe
that the arrested people were involved in
the murder of the billionaire, as the police
have got some concrete evidence indicating
the involvement of the Dubai-based
fraudulent party.

 

[blackops]

Sad may he RIP

 

[Al Bhatti]

The owner of ARY group

 

[Al Bhatti]

From wikipedia:

Abdul Razzak Yaqoob (Urdu: عبد الرزاق يعقوب &#8206 (ARY) is a wealthy Pakistani businessman based in Dubai. He is the owner of ARY Group of Companies.

His parents migrated from Surat in India to Karachi in 1944. He came to Dubai from Pakistan in 1969 to recover some money owed to his father from a friend. But Yaqoob realised that Dubai was a place of opportunities and decided to stay on. It was in Dubai that Yaqoob created his wealth after running his business on a simple "maiz-kursi" (Table-Chair) format.

In 1972 Yakoob established ARY and opened its first outlet in Fikri market Deira. He also started importing watches, perfumes and cigarettes. Two years later, when his brother, Mohammed Iqbal, joined him, the group branched out into dealing with food and Textiles. Besides catering to the local market, they also began exporting food-stuff to Iran. Yaqoob's current business includes a Gold and Silver trading segment.

Yaqoob is known to provide financial assistance to the Pakistani government in times of need.