NBP wins terror financing case in New York court

MG News | June 14, 2022 at 09:13 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 14, 2022 (MLN): Pakistan has won a terror-financing case filed against the National Bank of Pakistan (NBP) in New York’s federal court, sources in the Attorney General's Office confirmed Tuesday, as reported by Geo News.

The plaintiff — Harold Brown Sr — withdrew their case against the NBP, thus allowing the national bank to win the case.

Sources told Geo News that a few years back, the national bank was accused of facilitating the transfer of funds that were used to plan and execute an attack on a United States military base in Afghanistan, which killed nine American soldiers.

If NBP had lost the case, it would have been slapped with fines worth billions of dollars and would have effectively gone bankrupt, it added.

AG Office sources also said that if the NBP had lost, Pakistan would have faced serious issues at the Financial Action Task Force (FATF).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,598.39 73.02M	0.43% 701.70
ALLSHR	98,836.10 164.42M	0.39% 386.41
KSE30	48,865.98 46.72M	0.37% 178.52
KMI30	235,074.62 45.16M	0.52% 1225.31
KMIALLSHR	64,390.56 86.70M	0.53% 342.46
BKTi	44,413.61 12.06M	0.15% 66.55
OGTi	34,715.25 3.27M	0.85% 292.30

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,345.00	77,405.00 76,465.00	510.00 0.66%
BRENT CRUDE	110.22	111.49 109.97	-1.06 -0.95%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.75 -6.58%
ROTTERDAM COAL MONTHLY	111.50	111.50 111.50	0.90 0.81%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	103.06	104.45 102.87	-1.09 -1.05%
SUGAR #11 WORLD	15.04	15.13 14.69	0.31 2.10%