NBP wins terror-financing case in NY court

ISLAMABAD: The National Bank of Pakistan (NBP) has won a terror-financing case filed against it in New York’s federal court, sources in the Attorney General's Office told Geo News on Tuesday.

The plaintiff — Harold Brown Sr — withdrew their case against the NBP, thus allowing the National Bank to win the case. Sources told Geo News that a few years back, the NBP was accused of facilitating the transfer of funds that were used to plan and execute an attack on a United States military base in Afghanistan, which killed nine American soldiers.

Had the NBP lost the case, according to sources, it would have been slapped with fines worth billions of dollars, leaving it bankrupt. The AG Office sources also said in that case, Pakistan would have faced serious issues at the Financial Action Task Force (FATF).

The case was handled by the International Disputes Unit of the AG's Office. The team was led by Ahmed Irfan. It was the same team that helped produce positive outcomes in the Karkey, Reko Diq, Pakistan International Airlines (PIA) and Tuwairqi cases.