KARACHI: Muttahida Qaumi Movement (MQM) Altaf Hussain was arrested on Tuesday in London on charges of money laundering.
Hussain was being investigated for money laundering worth at least 400,000 pounds as well as for incitement to violence and MQM leader Dr Imran Farooq’s murder.
The Karachi Stock Exchange (KSE-100 index) fell 780 points immediately after the news and commercial centres across Sindh’s provincial capital had started to shut down.
Last week, a senior leader of the MQM had disclosed that Hussain’s bank accounts in London were being frozen and asked party wor¬kers and supporters to continue their ‘peaceful struggle’ agai¬nst the British government.
Hussain, who has been living in London for over two decades and is now a British citizen, did not address the meeting held to condemn money-laundering investigations against him by the UK authorities.
He has finally met his logical end