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FIA had registered a case against Shaheen Air last year on the charges of causing a loss of Rs2.1 billion to the Civil Aviation Authority. Wikimedia commons The Federal Investigation Agency (FIA) has initiated the process of attachment of properties, including aircraft, of the Shaheen Air International (SAI) in a money laundering case against several executives of the now-liquidated airline, it emerged on Friday. The agency had registered a case against SAI last year on the charges of causing a loss of Rs2.1 billion to the Civil Aviation Authority, according to officials and documents reviewed by Dawn. The air carrier also allegedly caused a loss of Rs200 million to the Sialkot International Airport, said FIA deputy director Rauf Sheikh. Moreover, it allegedly committed willful default amounting to Rs11 billion against the Habib Bank Ltd (HBL) and Rs50m default against United Bank Ltd (UBL).

United bankUnited arab emiratesHabib bankAbuz abyYawar mehmoodRauf sheikhJanet sehbaiEhsan khalid sehbaiMohammad wasiqKashif mahmudJaved karimMunir ahmed sheikhHoshingp sidhwaEhsan sehbaiRashida yasmeenSabrina kalsoom sehbai