Gen (retd) Bajwa relative gets clean chit in suspicious transaction probe. The Federal Investigation Agency (FIA) has absolved Sabir Hameed, widely known as Mithu and a close relative of former army chief Gen (retd) Qamar Javed Bajwa, of allegations related to suspicious financial transactions.
The FIA’s decision followed an extensive inquiry that found no evidence supporting the claims made against Hameed by his opponents.
Hameed, a prominent figure in the business world, particularly in the real estate sector, promptly cooperated with FIA investigators.
He provided a comprehensive array of documents, including detailed tax returns up to the financial year 2022, bank statements, and exhaustive information about his domestic and foreign properties, vehicles, and offshore investments.
Also read: FIA summons Gen Bajwa’s close relative in money-laundering case
The investigation stemmed from a summons issued by the Anti-Money Laundering Circle (AMLC) under Section 160, 1898 CrPC, pertaining to alleged high-volume suspicious transactions into Hameed’s accounts, contrary to his declared business profile.
The scrutiny revealed that Hameed maintained a total of 19 bank accounts, consisting of 14 local and 5 foreign accounts, with a combined credit turnover of Rs5.34 billion.
As Gen (retd) Bajwa relative gets clean chit in suspicious transaction probe, as part of the inquiry, Hameed was required to furnish a comprehensive list of countries he visited, along with the purpose of his travels.
Additionally, he was asked to provide details of offshore and shell companies associated with him, his spouse, and family members.
The FIA also sought information on foreign currency purchases and transfers, both made by him and on his behalf, as well as any funds taken out of Pakistan.
Sources close to Hameed revealed that the businessman, often described as a hardworking Pakistani engaged in transparent business practices, was unfairly targeted by rivals who leveled baseless allegations to tarnish his reputation.
However, the meticulous investigation by the FIA laid these claims to rest, confirming the absence of any wrongdoing on Hameed’s part.
This outcome underscores the importance of due process and thorough investigation, reaffirming the principle of innocence until proven guilty.
Hameed’s exoneration has brought relief to his supporters, while also emphasizing the critical role played by investigative agencies in upholding justice and fairness in financial matters.
The FIA’s conclusion in this case serves as a testament to the meticulous nature of their inquiries and their commitment to ensuring transparency and accountability in financial dealings within the country.
