Pakistan political leader Altaf Hussain arrested in London

Mr Altaf Hussain (left) - Violence in Karachi (right) - Photo BBC

In what was being seen as a showdown any day, yesterday was that day when a battalion of London Metro police barged into the house of a self-exiled political leader from Pakistan and head of one of the biggest political parties Altaf Hussain and took him into custody for interrogation.

Mr Altaf, living in London since 1991 has been held on suspicion of money-laundering.

His arrest has sparked widespread violence in Karachi, the port city of Pakistan and main supporting centre of the MQM, which controls Karachi. However, his party has urged supporters to stay calm amid outbreaks of violence there.

Read more about it at: BBC
If you like Imposing Headlines, please follow us on Facebook

Read more »

HSBC under scrutiny for money laundering

HSBC Holdings PLC is under investigation by a U.S. Senate panel in a money-laundering inquiry, the latest step in a long-running U.S. effort to halt shadowy money flows through global banks, according to people familiar with the situation and a company securities filing.

The inquiry being conducted by the Senate Permanent Subcommittee on Investigations could yield a report and congressional hearing later this spring, these people said. The subcommittee has a history of conducting high-profile hearings that have proved embarrassing for the world's biggest banks, reports Reuters.

Read more: Reuters

If you like Imposing Headlines, please join us on Facebook

Read more »