Monday, 4 July 2022 – 16:41

UK and Pakistan authorities to cooperate against money laundering

Sajid Javid has said that the UK will work alongside the Pakistani authorities to fight money laundering.

The UK’s Home Secretary said that both nations’ authorities are to share information in order to prosecute more wrongdoing.

Pakistani Prime Minister Imran Khan also announced that he plans bring back the money which was allegedly “stolen” from his country and invested abroad.

The ex-Prime Minister of Pakistan, Nawaz Sharif, was sentenced to 10 years of imprisonment earlier this year for failing to explain his spending. He had bought four flats in central London.

Both his sons along with the ex-Pakistani Finance Minister, Ishraq Dar, who currently live in the UK are wanted for a trial in Pakistan on the grounds of corruption.

They have all denied the allegations against them.

At a news conference, Mr Javid, told reporters that he did not discuss specific amounts of money which are suspected to have been laundered within the UK, neither did he discuss measures to recover them. However, he did state that both countries have decided to cooperate with one another and share accountability in the hopes that “no one escapes justice or acts with impunity”.

Javid made Britain’s first official visit to Pakistan by a British minister since last year’s general election.

He stated that Pakistan is one of the UK’s most significant “bilateral relationships” and that he aimed to promote their cooperate with one another on security matters.

 

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