London Court gives big shock to MQM leader, Altaf Hussain

According to Baaghi TV, a British court has ordered the freezing of six trust assets, managed by the founding member of MQM, Altaf Hussain.

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According to a foreign news agency, Deputy High Court Judge Peter Knox has issued orders to freeze Altaf Hussain’s assets. Frozen properties include Abbey View House, High View Gardens First House, White Church Lane First House, Brookfield Avenue House, High View Gardens Second House, White Church Lane Second House and MQM’s first floor office Elizabeth House.

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Under court orders, the MQM leader and his associates may remain in these properties until the outcome of the lawsuit is announced. However, they cannot be sold.

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The lawsuit has been filed by MQM Pakistan in favor of the assets, which state that the assets belong to them. The ownership of these assets is more than fifteen million pounds i.e. about 3 billion rupees. According to reports, the trial is likely to take a few months.

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Earlier, on September 2, a court had ordered a fine on Altaf Hussain. A British court has ordered Altaf Hussain to pay a fine of more than Rs 4 billion. It is further stated that Altaf Hussain did not pay any tax despite being a British citizen from 1995 to 2015.

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Altaf Hussain’s monthly expenses are up to 50,000 pounds, but he never paid taxes. In the court, the lawyer of MQM founder Altaf Hussain has taken a stand that since Altaf Hussain’s expenses were covered by donations, no tax was levied on him. However, the court rejected the lawyer’s position and imposed a fine of more than Rs 4 billion on Altaf Hussain.

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In case of non-payment of fine, Altaf Hussain may have to go to jail. It has been reported that Altaf Hussain was accused of money laundering and tax evasion, on which a British court has ruled.

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