Altaf Khanani

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Altaf Khanani
Born (1961-05-02) 2 May 1961 (age 60)[1]
Karachi, Pakistan
NationalityPakistani
OccupationMoney launderer
Children5

Altaf Khanani (Urdu: الطاف خانانی‎; born 2 May 1961) is a Pakistani fraudster and money launderer who was involved in moving money for terrorist groups and criminal gang groups.[2] He is currently serving his 68 months prison in the United States.[3]

Early life and family[]

He was born in 1961 to Memon family who were originally from Gujarat, India before migrating to Pakistan after independence.[1] His father Abdul Sattar Khanani who was a street dealer and businessman.[1] He was the twin brother of Javed Khanani who was involved in Khanani and Kalia Int. fraud.[1] His brother allegedly committed suicide in 2016.[4]

Money laundering[]

Khanani's money laundering organisation (MLO) was involved in the illicit international movement of money between, among others, Pakistan, the United Arab Emirates, United States, United Kingdom, Canada, and Australia.[5] Among the methods used was the traditional Hawala system. Among others, the organization moved money for drug cartels, biker gangs, Hezbollah, al-Qaida and the armed terrorists behind the Mumbai attacks of 1993 and 2008.[6][7]

Arrest[]

He was arrested in Panama and later handed over to the United States.[6] Khanani was arrested in September 2016 by the US Drug Enforcement Administration, and has since remained in jail in the United States.[5] He was indicted in the US District Court of the Southern District of Florida on fourteen counts of money laundering in June 2015.[5] In a plea bargain, Khanani pleaded guilty to a single count of conspiracy to commit laundering and was sentenced to 68 months in prison and a $250,000 fine.[3][6]

He was also blacklisted by the United States along with his son Obaid Khanani and nephew Hozaifa Khanani.[5] Khanani was released from prison on July 13, 2020.[8]

See also[]

References[]

  1. ^ Jump up to: a b c d Besser, Linton (5 February 2018). "Catching the money man". ABC News. Australia. Archived from the original on 5 February 2018.
  2. ^ "How Australia trapped Altaf Khanani". The News International. Archived from the original on 3 September 2018.
  3. ^ Jump up to: a b Husain, Khurram (4 April 2017). "Khanani gets 68 months in US prison". Dawn. Archived from the original on 4 April 2017.
  4. ^ Ali, Imtiaz (4 December 2016). "Javed Khanani dies after falling from building in Karachi, say police". Dawn. Archived from the original on 14 December 2016.
  5. ^ Jump up to: a b c d Iqbal, Anwar (4 March 2017). "Khanani group launders billions of dollars: US report". Dawn. Archived from the original on 4 March 2017.
  6. ^ Jump up to: a b c Schliebs, Mark (13 November 2016). "Money launderer Khanani's deal wipes out 273 years of jail time". The Australian. Retrieved 5 September 2018.
  7. ^ "The Billion Dollar Criminal". Al Jazeera. 4 October 2018. Archived from the original on 4 October 2018.
  8. ^ (B.O.P. Register Number: 06369-104)


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