British investigative agency Scotland Yard on Thursday dropped investigations into the money laundering case against Muttahida Qaumi Movement (MQM) Chief Altaf Hussain in London, reported DawnNews.
Cases against senior MQM leader Mohammad Anwar and businessman Sarfaraz Merchant were also dropped by the Metropolitan Police. The cases were wrapped up due to lack of evidence.
Earlier in the month, the Metropolitan Police requested a two-week delay before deciding if they will try to confiscate cash found in the MQM’s UK headquarters and the London homes of Altaf Hussain and the businessman Sarfraz Merchant.
MQM leader Wasay Jalil tweeted, "We are thankful that Scotland Yard have decided to drop the money laundering case against Altaf Hussain."
The police found £167,525.92 in the MQM’s offices in London and a further £289,785.32 in Mr Hussain’s home. A smaller sum — around £30,000 — was found in Mr Merchant’s home.
The MQM supremo was arrested in the case on June 3, 2014 by the London Metropolitan Police. However, Altaf was released four days later.
He was granted four bail-extensions during the investigations:
During their investigations, the London Metropolitan Police had discovered ‘a considerable amount of money’ during raids on Hussain’s residence and office in London.