Govt contacts UAE for recovery of illegal wealth amassed by Pakistanis

Prime Minister’s Special Assistant on Accountability Shehzad Akbar on Saturday met with United Arab Emirates Justice Minister Sultan Saeed Al Badi and discussed matters related to the recovery of the illegal wealth of Pakistanis in the UAE.

In a tweet, the PM’s special assistant said, “recently met with UAE Minister of Justice Sultan Saeed Al Badi to discuss setting up the operational liaison between both the countries for the exchange of information and signing bilateral accords for seeking information and recovery of unlawful wealth.”

Akbar said he was hopeful that both the countries will soon reach an agreement of tracing down the illegal properties acquired by the Pakistani citizens.

Addressing a press conference on November 12, Akbar had vowed that all heavyweights laundering money to UAE by using Iqama (foreign work permit) will soon be nabbed.

He claimed that $5.3 billion were laundered from Pakistan and more than 5,000 fake accounts were used in the illegal transfer of above $1bn.

Pakistan is the top third country to invest in the real estate of Dubai, the PM’s special aide said.

“Initially, we are chasing people who possessed assets above $1 million,” he stated.

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