Drap CEO involves in money laundering, alleges PYPA

By: News Desk
Published: 08:30 PM, 16 Sep, 2022
Drap CEO involves in money laundering, alleges PYPA
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Pakistan Young Pharmacist Association (PYPA) has alleged that the Drug Regulatory Authority of Pakistan (Drap) Chief Executive Officer (CEO) Dr Asim Rauf is involved in money laundering, reported 24NewsHD TV Channel on Friday.  

The PYPA has written a letter to Prime Minister Shehbaz Sharif stating that Asim Rauf runs a pharmaceutical company, established with Rs 600 million in Lahore which is a conflict of interest.  

It is mentioned in the letter that Drap CEO Asim Rauf built a pharma factory in Lahore under the name and style of M/s Zeta Pharmaceuticals, the owner of M/s Zeta Pharma is Amer Wali Rauf (real brother of Asim Rauf) in partnership concern.

“Then he built another pharma factory with the same name in Egypt after money laundering of Rs700 million from Pakistan,” it added.  

The letter reads further that an investigation should be initiated against him after immediate termination from CEO Drap. 

Asim Rauf has also been alleged for giving a USAID funding project, the digitalization of Drap, to his brother. 

The PYPA sent copies of the letter to 14 other divisions and offices.

However, Dr. Rauf has announced to take the association to a court of law over false accusations.  

When 24NewsHD contacted Drap CEO Asim Rauf for taking his stance.  comments. He refused to comment. 

Reporter: Kifayat Ali Shah

Categories : Latest, Pakistan