UBL to wind down New York branch as part of 'global realignment strategy'

[I FLY HIGH]

Another Pakistani bank facing money laundering charges and winding down the operation, before court proceeding , avoiding multi million dollar penalty ...................how our elite damaged Pakistan .... Thanks to Nawaz who been doing this money laundering through NY branches. (inside story)

shameful post , there are no charges of money laundering on Nawaz about any bank OF USA. you are a misinformed person. but for sure IK has charges of embezzlement in party funds laundered in the name of his cook/gardener etc and the charges are posted by his ex pti gen secretary.

 

[HAIDER]

shameful post , there are no charges of money laundering on Nawaz about any bank OF USA. you are a misinformed person. but for sure IK has charges of embezzlement in party funds laundered in the name of his cook/gardener etc and the charges are posted by his ex pti gen secretary.

Enjoy brother ...



Upon gathering of written evidence against former Prime Minister Nawaz Sharif, the UN anti-money laundering department has decided to start investigations against Pakistans former premier. Following the Avenfield verdict, it seems like PML-N leader is being investigated by global accountability bureaus.


The diligent efforts put forth by the National Accountability Bureau and the Federal Investigation Agency have shown effectiveness in their productivity prior to the upcoming general elections. Looking at the growing suspicions, the department decided to seize all records regarding financial matters of Nawaz Sharif and his family from the concerned banks.


An initial investigation against Nawaz Sharif conducted following his disqualification as the PM unravelled his remittance amounting to 10.4 million USD from Saudi Arabia in the years 2014-2017 to Habib Bank, New York Branch. This was later received in Standard Chartered Bank, Raiwind Branch, Lahore.


United Nations Office on Drugs and Crime, UNODC, thus announced an official investigation on Nawazs alleged money laundering via HBL. Upon the discovery of concrete proofs regarding the amount remittances, United States concerned departments ended up imposing a fine of Rs. 26 billion on HBLs New York branch on the account of hidden massive amounts laundered.


Nawaz Sharif had opened an account in Saudi Arabias bank under the name, Hill Metal Company, which had a massive amount of remittance. Nawaz Sharif had misused Habib Bank of Pakistan, Al-Razi Bank Saudi Arabia and Standard Charted Bank.


Records state that Nawaz had embezzled money amounting to $10.4 million. Since then, International Anti-Money Laundering Department has sped-up their investigation processes. According to the documents, $266,000 had been transferred to Hill Metal Jeddah, Saudi Arabia which were later rewired to Nawaz Sharif on 3rd March, 2014.


These funds had also been released from Habib Bank Branch New York. Similarly, Al-Razi Bank, Saudi Arabia and Habib Bank were also involved in this transaction. Moreover, on 9th March 2015, $799,945 had been transferred from Al-Razi bank to Habib Bank, New York branch and then transferred to Nawaz Sharif via Standard Chartered.


On 22nd March 2015, $ 499,965 was transferred from Saudi Arabia to Habib Bank Branch New York which were later transferred to Standard Chartered Bank, Lahore in Nawaz Sharifs accounts. During April 2015, another transaction took place where $8,165,000 was transferred from Saudi Arabia to Habib Bank New York Branch, following the same pattern, transferring the amount to Standard Chartered Bank Lahore.

(c) 2018 Global Data Point. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

 

[I FLY HIGH]

Enjoy brother ...



Upon gathering of written evidence against former Prime Minister Nawaz Sharif, the UN anti-money laundering department has decided to start investigations against Pakistans former premier. Following the Avenfield verdict, it seems like PML-N leader is being investigated by global accountability bureaus.


The diligent efforts put forth by the National Accountability Bureau and the Federal Investigation Agency have shown effectiveness in their productivity prior to the upcoming general elections. Looking at the growing suspicions, the department decided to seize all records regarding financial matters of Nawaz Sharif and his family from the concerned banks.


An initial investigation against Nawaz Sharif conducted following his disqualification as the PM unravelled his remittance amounting to 10.4 million USD from Saudi Arabia in the years 2014-2017 to Habib Bank, New York Branch. This was later received in Standard Chartered Bank, Raiwind Branch, Lahore.


United Nations Office on Drugs and Crime, UNODC, thus announced an official investigation on Nawazs alleged money laundering via HBL. Upon the discovery of concrete proofs regarding the amount remittances, United States concerned departments ended up imposing a fine of Rs. 26 billion on HBLs New York branch on the account of hidden massive amounts laundered.


Nawaz Sharif had opened an account in Saudi Arabias bank under the name, Hill Metal Company, which had a massive amount of remittance. Nawaz Sharif had misused Habib Bank of Pakistan, Al-Razi Bank Saudi Arabia and Standard Charted Bank.


Records state that Nawaz had embezzled money amounting to $10.4 million. Since then, International Anti-Money Laundering Department has sped-up their investigation processes. According to the documents, $266,000 had been transferred to Hill Metal Jeddah, Saudi Arabia which were later rewired to Nawaz Sharif on 3rd March, 2014.


These funds had also been released from Habib Bank Branch New York. Similarly, Al-Razi Bank, Saudi Arabia and Habib Bank were also involved in this transaction. Moreover, on 9th March 2015, $799,945 had been transferred from Al-Razi bank to Habib Bank, New York branch and then transferred to Nawaz Sharif via Standard Chartered.


On 22nd March 2015, $ 499,965 was transferred from Saudi Arabia to Habib Bank Branch New York which were later transferred to Standard Chartered Bank, Lahore in Nawaz Sharifs accounts. During April 2015, another transaction took place where $8,165,000 was transferred from Saudi Arabia to Habib Bank New York Branch, following the same pattern, transferring the amount to Standard Chartered Bank Lahore.

(c) 2018 Global Data Point. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

it is absolutely ridiculous to state any transaction as money laundering , Hil metal steel is a business and the profits from its accounts are lawful in KSA and any money sent by Raji bank KSA to any Pakistani bank abroad is totally legal and you need to know the defination of money laundering ? do some research pls. there is no action taken by USA or KSA against Hilmetal steel , why ? cause all the money transfer is legal and not money laundering . Hilmetal declared it in reutrns and NS declared it in his tax returns . pls do some research .