Money laundering case: Sarfraz Merchant granted bail extension

Sarfraz Merchant – a trader of Pakistani origin – appeared before the London Police on Wednesday upon the ending of bail earlier granted to him in the case.

Police questioned Merchant for two hours, following which his bail was extended till mid of July.

London Metropolitan Police had arrested Sarfraz Merchant last year in suspicion of money laundering; however he was later released on bail.

He is accused of having illegal money transactions with several leaders of Muttahida Qaumi Movement, a charge which the party denies.

Yesterday, MQM chief Altaf Hussain was also granted bail extension until July, after an interview with the London Police regarding the investigations of money laundering case.