A court in Islamabad has convicted Bahria Town’s Vice Chief Executive, retired Colonel Khalil ur Rehman, along with two others in a major illegal money transfer case. The court found them guilty of sending Rs. 1.7 billion abroad through unofficial hawala and hundi channels.
The other convicted persons are currency trader Muhammad Imran, also known as Imran Kaka, and property dealer Muhammad Mushtaq Ahmed. All three were sentenced to one year of simple imprisonment each and fined Rs. 500,000 under the Foreign Exchange Regulation Act (FERA).
According to prosecutors, the money was transferred without approval from the State Bank of Pakistan. The funds were allegedly used to support various projects of Bahria Town. The transactions bypassed official banking channels, which is against Pakistan’s foreign exchange rules.
The verdict was delivered by Additional District and Sessions Judge Nasaruminallah Baloch after reviewing the evidence. The court stated that the prosecution proved its case beyond reasonable doubt.
This is not the first legal issue for Colonel Khalil ur Rehman. Earlier this year, he received a 10-year sentence in a separate money laundering case involving similar amounts.
Bahria Town is one of Pakistan’s largest real estate developers, known for its big housing projects. The case has drawn attention because it involves a senior official of the company. The convictions highlight the government’s efforts to stop illegal money transfers and strengthen control over foreign exchange.
