Karachi: Remand extended
KARACHI: The same court extended the physical remand of the director of a foreign exchange firm till Dec 31. The FIA had arrested MehboobRehmatullahMoti, the director and partner of Al–Sahara Exchange Company, on Dec 17 on charges of illegally transferring foreign currency worth billions of rupees from the country. The following day FIA officials produced him in court and obtained his physical custody till Dec 22 that was then extended till Dec 24.
A case (83/2008) was registered against the suspect under Sections 5, 8, 22 and 23 of the Foreign Exchange Regulation Act, 1947, read with Sections 7, 8 and 20 of the Prevention of Electronic Crimes Ordinance, 2007 and Sections 409, 420, 467, 471, 477-A/34 of the Pakistan Penal Code at the FIA crime circle branch, Karachi.