NAB Karachi arrests businessman Iqbal Z Ahmed

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KARACHI: The National Accountability Bureau (NAB) has arrested Iqbal Z Ahmed, Chairman of Associated Group, in a money laundering case.

In a press statement, the anti-corruption watchdog said that Iqbal Z. Ahmed is wanted in an ongoing inquiry about alleged money laundering.

The accused, it said, will be presented before the accountability court as per law.

According to the company’s website, Associated Group, founded in 1965, is one of Pakistan’s premier business houses. AG has interests in the energy, media, and design sectors.

From production and processing services to transportation to marketing and retail, AG has extensive supply-chain expertise in liquefied petroleum gas, an environment-friendly multipurpose fuel.

AG has been in the LPG sector since 1989 and is an industry pioneer and leader. Its LPG companies include Jamshoro Joint Venture Limited, Lub Gas, and Mehran LPG.