The Federal Investigation Agency (FIA) on Friday raided at the office of popular pakistani filmmaking company Mandviwalla Entertainment in Karachi, and seized all its records in connection with money laundering through hundi and hawala, officials said. FIA officials said the company laundered Rs128 million abroad through hundi
Earlier it was reported that managing director opf the company Nadeem Mandviwalla was arrested but company denied the reports. “The FIA has recently booked and arrested a suspect who was involved in Hawala/Hundi activities,” said a source. “During the course of a probe, names of several people emerged whose businesses benefited from the money laundering. The company has allegedly laundered over Rs100 million through Hundi and was also found to be actively involved in illegal transfer of money over the past few years.”
Mandviwalla Entertainment Pvt. Ltd., is a company involved with import, distribution and exhibition of films in Pakistan for over three decades now.
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17 November, 2019