The Chief Financial Officer (CFO) of Omni Group Arif Khan has been arrested by Interpol in Dubai for fake accounts case, Federal Investigation (FIA) sources revealed on Wednesday.
Khan arrested in connection with the money laundering and fake accounts case is expected to be extradited to Pakistan later this week.
According to sources, the Omni Group CFO looked after the affairs of five to six companies in Dubai which would send money to over 400 individuals in at least eight countries. It is reported that Rs25 billion in transactions took place via these companies.
Khan is also said to be well versed in the fake accounts of 12 companies including the Thatta Sugar Mill.
Arif Khan’s arrest is the latest in the fake accounts case being investigated by the FIA. Those under investigation include former president Asif Ali Zardari and his sister Faryal Talpur.
Close aides of the former president including Hussain Lawai and Omni Group chairman Anwar Majeed, his son Abdul Ghani were arrested by FIA last year in connection with the case.
The case pertains to ‘benami’ accounts opened in private banks in 2013, 2014 and 2015 from where transactions worth billions of rupees were made. The amount, according to FIA sources, is said to be black money gathered from various kickbacks, commissions and bribes.