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KARACHI: The Federal Investigation Agency has started the process of attaching properties owned by the Shaheen Airlines International (SAI), whose licence has been suspended since 2018, as part of its investigations into a money laundering case against the management, it emerged on Friday. According to officials and documents reviewed by Dawn, the FIA registered a case against SAI in 2020 for causing a loss of Rs2.1 billion to the Civil Aviation Authority. Besides, the airline was also accused of causing a loss of Rs200 million to Sialkot Airport, FIA deputy director Rauf Sheikh said. Money laundering case lodged against jewellery exporter The airline had also committed ‘wilful default’ amounting to Rs11bn against the Habib Bank Limited and Rs50m wilful default against the United Bank Limited, he said, adding the owners established firms in the UAE and purchased properties in Pakistan and abroad with this money.

Abdul qadirMunir ahmed sheikhMohammed shakeelRauf sheikhEhsan khalid sehbaiInvestigation agencyHabib bankShaheen airlines internationalHonble courtCivil aviation authorityUnited bankDevelopment authority of pakistanFederal investigation agencyCivil aviationSialkot airportHabib bank limited