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Man Sentenced In Money Laundering Scheme

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Nov 4, 2008 4:26 pm US/Eastern

Man Sentenced In Money Laundering Scheme

BALTIMORE (AP) ― The U.S. Attorney's office says a Pakistani national living in Washington and Maryland has been sentenced to more than nine years in prison for money laundering plot and concealing terrorist financing.

Saifullah Anjum Ranjha, 45, was sentenced to 110 months in prison on Tuesday. He pleaded guilty in August.

U.S. District Judge Marvin Garbis also ordered Ranjha to forfeit $2,208,000.

According to his guilty plea, Ranjha operated a money remitter business in Washington known as Hamza.

Cooperating witnesses posed as drug smugglers, cigarette smugglers and other criminals, and in one case as a terrorist who wanted to send money to al-Qaida.

From October 2003 to Sept. 19, 2007, the cooperating witness gave Ranjha and his associates $2,208,000 in government money to transfer the funds abroad through an informal money transfer system called a hawala.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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