MQM’s Altaf Hussain arrested in London

By Zaheerul Hassan

According to the source, Chief of Muttahida Qaumi Movement (MQM) Altaf Hussain was arrested in the morning  in London on charges of money laundering. The sources aslo confirmed that there are likely chance of investigation in the case of murder of Dr. Farooq.   He was s taken in to custody after a raid by Scotland Yard’s counter terrorism squad at his residence in North West. His residence has been sealed.

The arrest created negative impact on  Karachi Stock Exchange 100 index  wich has dropped by more than 780 points .
Members of MQM coordination committee are reportedly arriving at MQM headquarters 90 to deliberate on the event while it was reported that business centres, shops and educational institutes were being closed down across the metropolis following the news.

MQM Rabita Committee Aminul Haq has said that the party will issue a statement regarding the event and will inform everyone about the situation.

On May 26, Senior MQM leader Dr Farooq Sattar addressed a large rally to disclose that Hussain’s bank accounts were being frozen in London and asked MQM supporters to continue their struggle against the British authorities.

Investigations of charges of money laundering against Hussain initiated back in December 2012.

The London Metropolitan Police raided his residence and office in London on December 6 under the Police and Criminal Evidence Act in connection with the investigation of Dr Imran Farooq murder case.

In a letter written in July 2013, the London police confirmed that investigations were going on, adding that ‘a considerable amount of money’ was recovered during the raids at both locations. The money was seized under the Proceeds of Crime Act.