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Kamalia man’s account used for benami transactions of Rs. 64mn

FAISALABAD: In yet another mind-boggling incident involving ‘benami’ transactions, a Kamalia businessman’s account is found to have been used for unexplained transactions of over Rs. 64mn, ARY News reported on Friday.  Bank account of Mohammad Yaseen, a poultry farm owner in village Chak-735 of district Toba Tek Singh's tehsil Kamalia, was used for transfer of Rs. 64.709mn.  The transactions were carried out between July 1, 2016, to June 30, 2017. The person in question has been asked by the authorities to furnish…

Panama investigates owner-manager row at Trump hotel

PANAMA CITY: Panamanian prosecutors are investigating a dispute between owners and the management of a Trump hotel, a skyscraper that cuts a distinctive figure among the towers crowding the capital city. A probe has been launched "to establish if there is punishable conduct in regards to a complaint of usurpation in the Trump Ocean Club International Hotel and Tower property," the prosecutor's office said in a statement Monday. The row is between Miami-based investor Orestes Fintiklis, who last year became owner of the…

Somali pirates seize Indian ship, 11 crew members: owner

MOGADISHU: Somali pirates have seized an Indian cargo ship and 11 crew members, the ship's owner said Monday, as a recent series of hijackings raises fears of a resurgence in piracy. The "Al Kausar" is the third vessel to be hijacked in less than a month off the coast of Somalia as experts warn that ships have lowered their guard in the five years since the height of the piracy crisis. The Indian cargo ship was carrying items such as wheat and sugar from Dubai via Yemen to Somalia's Bossaso port when it came under…