KARACHI: The Federal Investigation Agency (FIA) on Tuesday approached an Anti-Terrorism Court to seek custody of Armaghan, a suspect arrested in the Mustafa Amir murder case, in connection with a money laundering investigation, media reported
The FIA has requested the court to grant custody of Armaghan to investigate his alleged involvement in money laundering.
The trial court; however refused to grant his custody to FIA, maintaining that the authority to grant remand lies with the administrative judge.
Armaghan was previously booked for his alleged involvement in forgery and fraud. A case was registered against him at the FIA’s Anti-Money Laundering Circle, which alleged that Arman was involved in suspicious transactions, including hawala and cryptocurrency dealings.
According to the FIA, Armaghan was involved in a massive forgery scheme, earning between $300,000 to $400,000 per month .
He allegedly used cryptocurrency to launder the money and even purchased several luxury cars with the illicit funds.
Investigations have revealed that Armaghan operated a call center that targeted American citizens, scamming them out of their money, the FIR read.
The suspect had also opened bank accounts in the names of his employees to facilitate the fraud. –Agencies
