The Federal Investigation Agency (FIA) has concluded its investigation into a money-laundering case involving Sabir Hameed, also known as Sabir Mithu, a close relative of former army chief General Qamar Javed Bajwa. The inquiry was terminated due to a lack of evidence substantiating the allegations.
Previously, the Anti-Money Laundering Circle (AMLC) of the FIA had called Sabir Hameed to appear before the investigation authority about suspicious high-volume transactions in his bank accounts. These transactions were purportedly inconsistent with his declared business profile. Despite the summons, Sabir Hameed failed to comply, not appearing before the FIA as required.
Details of the Investigation
The investigation, as detailed in the FIA’s notification, centred on the allegation of numerous dubious transactions in Sabir Hameed’s 19 bank accounts, including 14 within Pakistan and 5 in foreign institutions. These accounts witnessed transactions amounting to approximately Rs5.34 billion.
As part of the inquiry under the Money Laundering Act, the FIA issued call-up notices to Sabir Hameed, delivered to his three known residences. The notices demanded detailed information regarding all purchases of foreign currency conducted by him or on his behalf. Additionally, the FIA sought records of any foreign currency that he, his spouse, or other family members might have transported out of Pakistan.
Despite these extensive investigations and the serious nature of the allegations, the FIA’s final assessment led to the closure of the inquiry, citing insufficient evidence to support the case against the former army chief’s relative.