Islamabad: An additional sessions court has convicted retired Col Khalilur Rehman, vice chief executive of Bahria Town, in a high profile money laundering case involving approximately Rs1.6 billion. The court sentenced him to 10 years of rigorous imprisonment and imposed a fine of Rs25 million. The case was investigated by the FIA Anti Money Laundering Circle which alleged that the accused used complex financial transactions and third parties to conceal the origin of illegal funds. The court also ordered the forfeiture of assets obtained through money laundering. Authorities said the action reflects continued efforts to curb financial crimes and strengthen accountability in major corporate sectors.
