FIA Anti-Money Laundering Circle arrests ex-member CDA, real estate dealer on bogus allotments

Naveed Siddiqui
ISLAMABAD: In a significant crackdown, the Federal Investigation Agency (FIA) Islamabad Zone has launched a major operation through its Anti-Money Laundering Circle, resulting in the arrest of key individuals involved in extensive land fraud and corruption. The operation centers around the creation of fake reports for 624 kanals and 8 marlas of land acquired in various localities of Islamabad.
The FIA Anti-Money Laundering Circle registered a case and promptly arrested Muhammad Afnan Alam, a former Member Estate of the Capital Development Authority (CDA), along with a property dealer named Jibran.
Afnan Alam is accused of illegally allocating 62 plots in Sector I-15, Islamabad, to undeserving individuals through corrupt practices.
The suspect, in collusion with others, caused a financial loss amounting to 1 billion rupees. Afnan Alam was previously booked in a case by the Corporate Crime Circle Islamabad, further highlighting his involvement in corrupt activities.
The operation unveiled that Afnan Alam, during his tenure, facilitated the preparation of fake reports for the vast land in Islamabad. He accumulated illegal assets in his and his wife’s names, using funds obtained through corruption. With the illicit funds, he acquired properties in Sector C-14, Islamabad.
The FIA has initiated thorough investigations following the arrests. The apprehended suspects, Afnan Alam and Jibran, are now in custody, and the FIA has begun detailed interrogations.
The FIA is conducting raids to apprehend other individuals involved in the case.
Efforts are underway to trace and recover the illegally acquired assets.
An FIA spokesperson emphasized their commitment to rooting out corruption and holding accountable those who misuse their positions for personal gain. The spokesperson assured that the investigation would extend to all individuals involved, ensuring comprehensive legal action..This operation marks a significant step in the FIA’s efforts to combat corruption and financial crimes, aiming to uphold the integrity of public institutions and ensure justice is served.