ID: ARW-528
ACR No 36/2008 (State Versus Farzand Naseem etc) case
At time of reporting (2020), there was a concluded investigation/prosecution related to this case in the country of asset location (Pakistan).
The manner of asset return was that the amount was transferred through pay orders directly into account of affectee /nominated person by affectee.
The action initiating asset recovery was that the accused returned this amount through Plea Bargain.
Contributing factors in this asset recovery were a formal application was filed by Manager Fraud Investigation HSBC, London to initiate legal proceedings against the culprits. In this complaint, it was specifically mentioned the remitted funds / de-frauded funds which helped to trace / locate the de-frauded funds and ultimately led to recovery of those illicit funds.